Oil slips for third day on likely ‘higher for longer’ US rates

Capt. John

Oil prices fell on Wednesday, retreating for a third straight day on expectations that the Federal Reserve might keep U.S. interest rates higher for longer due to sustained inflation, potentially affecting fuel use in the world’s largest consumer. The market also slipped as U.S. crude oil and...

https://www.hellenicshippingnews.com/oil-slips-for-third-day-on-likely-higher-for-longer-us-rates/

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