Oil Prices Fell About 1% To A Near Two-Week Low

Oil prices fell about 1% to a near two-week low in volatile trade on Wednesday after the U.S Federal Reserve delivered another hefty rate hike to quell inflation that could reduce economic activity and demand for oil, reports CNBC.

Risk assets like stocks and oil fell on the news, while the dollar rallied

The Fed raised its target interest rate by 75 basis points for the third time to a 3.00-3.25% range and signalled more large increases to come. Risk assets like stocks and oil fell on the news,...

https://mfame.guru/oil-prices-fell-about-1-to-a-near-two-week-low/

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