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Oil posts weekly loss as interest rate policy spurs fuel demand worries

Oil posts weekly loss as interest rate policy spurs fuel demand worries
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Oil records longest losing streak in 5 months on hawkish US Fed policy, demand worries; Brent down 2% at $82/bbl

Oil records longest losing streak in 5 months on hawkish US Fed policy, demand worries; Brent down 2% at $82/bbl
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Oil set for weekly loss as markets worry about demand

Oil set for weekly loss as markets worry about demand
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Angola to export 36 oil cargoes in July | Hellenic Shipping News Worldwide

Angola to export 36 oil cargoes in July | Hellenic Shipping News Worldwide
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Analysis-Global oil markets weaken as sluggish demand leaves overhang

Global physical crude oil markets are weakening because of soft refinery demand and ample supply, traders and analysts told Reuters, in a move that could spell further weakness for benchmark crude futures. The weakness indicates high interest rates and inflation are depressing consumer and industrial demand, especially in Europe, at a time when supply is rising from non-OPEC producers such as the United States. Demand from refiners is soft, even though their crude intake capacity has increased with the end of springtime maintenance. ....

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