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

Capt. John

Oil prices rose about 1% on Friday, but fell for the week on worries that strong U.S. economic data would keep interest rates elevated for a longer period, curbing fuel demand. The Brent crude July contract rose 76 cents to $82.12 a barrel. The more-active August contract closed up 73 cents at...

https://www.hellenicshippingnews.com/oil-posts-weekly-loss-as-interest-rate-policy-spurs-fuel-demand-worries/

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon