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Oil prices fall on fear of high US interest rates depressing demand

Oil prices fell in early Asian
trade on Tuesday, with investors anticipating higher-for-longer
U.S. inflation and interest rates will depress consumer and
industrial demand.
Brent crude.
-May 20, 2024 at 09:13 pm EDT
- MarketScreener ....

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Oil Prices Fall on Fear of High US Interest Rates Depressing Demand

Oil Prices Fall on Fear of High US Interest Rates Depressing Demand
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Oil prices fall on demand fears over Fed's rates path

Oil prices extended losses on Tuesday, with investors expecting lingering U.S. inflation to keep interest rates higher for longer, depressing consumer and industrial demand.Brent crude futures fell 64 cents, or 0.7 per cent, to $83.07 a barrel by 0845 GMT. U.S. West Texas Intermediate crude (WTI) slipped ....

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Oil prices fall on fear of high US interest rates depressing demand - Markets

Oil prices extended losses in Asia trade on Tuesday, with investors anticipating lingering US inflation and higher. ....

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These 2 factors have pushed oil prices down in early Asia trade today

Brent crude futures fell 44 cents, or 0.53%, to $83.27 a barrel by 0313 GMT. U.S. West Texas Intermediate crude (WTI) slipped 51 cents, or 0.64%, to $79.29 a barrel ....

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