An oilfield in Midland, Texas. New Fed projections suggest that interest rates could be held higher for a longer period, a scenario that could affect crude demand. Reuters
An oilfield in Midland, Texas. New Fed projections suggest that interest rates could be held higher for a longer period, a scenario that could affect crude demand. Reuters

Business

Energy

Oil posts weekly loss on further rate increases by US

Markets continue to remain tight on supply curbs from Opec+ group and Russia's ban on fuel exports

Fareed Rahman
Fareed Rahman

September 22, 2023

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