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Reuters
Dec 1, 2022, 5:20 AM
Oil prices ended nearly 1% lower, reversing earlier gains as U.S. consumer prices unexpectedly rose in August, giving cover for the U.S. Federal Reserve to deliver another hefty interest rate increase next week.
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Reuters | Dec 1, 2022Oil Dives Nearly $6 A Barrel On Demand Fears, Iraq ExportsOil prices fell nearly $6 a barrel, the steepest decline in about a month, on fears that fuel demand could soften as global central banks hike rates to fight surging inflation, and as unrest in Iraq failed to dent the OPEC nation's crude exports.3 mins read
