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Oil prices drop as US rate hike fears, weak China data offset supply cuts | Business

Oil prices fell on Monday as jitters over the economic impact of the U.S. Federal Reserve potentially raising.

United statesBaden mooreOrganization of the petroleum exporting countriesEuropean central bankFederal reserveNational australia bankAmmon newsTexas intermediateReserve bankPetroleum exporting countriesOil prices drop as us rate hike fearsEak china data offset supply cuts

Oil prices drop as US rate hike fears, weak China data offset supply cuts

LONDON :Oil fell on Monday as concern over the economic impact of the U.S. Federal Reserve potentially raising interest rates and weaker Chinese manufacturing data outweighed support from new OPEC+ supply cuts taking effect this month.The Fed, which meets on May 2-3, is expected to increase interest rates by

United statesBaden mooreNational australia bankOrganization of the petroleum exporting countriesEuropean central bankFederal reserveTexas intermediateReserve bankPetroleum exporting countries

Oil prices drop as US rate hike fears, weak China data offset supply cuts - Markets

TOKYO: Oil prices fell on Monday as jitters over the economic impact of the US Federal Reserve potentially raising.

United statesBaden mooreFederal reserveEuropean central bankOrganization of the petroleum exporting countriesNational australia bankTexas intermediateReserve bankPetroleum exporting countriesEnergy information administrationBrent oil pricesOil priceUs crude oil

Oil drops as US rate hike concern, weak China data offset Opec+ cuts - Business

“We believe the oil market will be in deficit through the remainder of the second quarter” says analyst.

United statesBaden mooreOrganisation of the petroleum exporting countriesNational australia bankEuropean central bankTexas intermediateReserve bankPetroleum exporting countries

Daily on Energy: GOPers defect on solar resolution, DC Circuit upholds O&G lease sale, and oil prices waver

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