"The tighter monetary policy is already having an impact on industrial activity. The prospect of further tightening following hawkish comments from policymakers weighed on sentiment," said analysts from ANZ Research in a note.
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LONDON Oil fell over 3% on Friday as the market assessed the aftermath of interest rates hikes by central banks, but was still poised for a weekly gain amid…
Oil dipped on Friday as the market assessed the aftermath of interest rates hikes at central banks, but were poised for the biggest weekly gains in 10 weeks amid supply disruption concerns and