Post Tagged with: "cap gains"

Source: Reuters

Oil rebounds after hitting 2022 lows, demand concerns cap gains

Nasdaq


SINGAPORE – Oil prices rebounded in Asian trade on Thursday after slumping to their lowest level this year in the previous session, though concerns of economic slowdowns weakening fuel demand continued to cap gains.

 

Brent crude futures LCOc1

Source: Reuters

Oil claws back some losses but strong dollar caps gains

BOE Report


Oil prices rose modestly in early trade on Monday after sliding to eight-month lows last week weighed down by a surging U.S. dollar and fears sharp interest rate hikes globally would spark a recession and hit fuel demand.…