Oil rises on tight supply though interest rate hikes weigh

Capt. John

Oil rose on Friday, supported by supply tightness and new sanctions on Iran, but prices were on track for a weekly decline amid interest rate hikes from major central banks that fuelled worries about a sharp economic slowdown. Brent crude was up 62 cents, or 0.5%, to $120.43 a barrel at 0856 GMT,...

https://www.hellenicshippingnews.com/oil-rises-on-tight-supply-though-interest-rate-hikes-weigh/

Leave a Comment