Post Tagged with: "concerns"

Source: Reuters

Oil prices weaken on hawkish Fed rhetoric, concerns about demand

Investing


NEW YORK – Oil prices fell about $1 a barrel on Thursday in volatile trading as investors weighed the risk that rising interest rates could trigger a recession and cut demand for fuel.

 

Brent crude futures fell 90 …

Source: Reuters

Oil on track for weekly rise on global supply concerns

Investing


LONDON – Oil prices edged higher on Friday and were on track for weekly gains, supported by the prospect of a tight market due to rising gasoline consumption in the United States in summer, and also the possibility of …

Source: Reuters

Oil slides on concerns of weaker Chinese demand

Reuters


U.S. West Texas Intermediate (WTI) crude futures hit a low of $108.28 a barrel, and were down $4.55, or 3.9%, at $109.35.

Both benchmark contracts rose 1.4% on Friday, notching their first weekly gains in three weeks, with Brent …