Pump jacks on an oilfield in Texas. Rising interest rates can strengthen the greenback, making US oil exports more expensive to foreign buyers. Reuters
Pump jacks on an oilfield in Texas. Rising interest rates can strengthen the greenback, making US oil exports more expensive to foreign buyers. Reuters

Business

Energy

Oil steadies after falling 3% amid fears of aggressive interest rate increases

Swiss lender UBS lowered its Brent price forecasts on falling crude demand

John Benny

February 23, 2023