Post Tagged with: "oil slumps"

Source: CNBC

Oil slumps as interest rate hikes outweigh lower U.S. oil supplies

CNBC

Oil futures fell on Thursday, after trader concerns over the impact of a bigger-than-expected Bank of England rate hike outweighed a surprise draw in U.S. oil supplies. Brent futures were down $2.65, or 3.4%, to $74.47 a barrel and …

June 22, 2023 - 11:30 am — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Economy, Energy News, Exploration and Production (E&P)
Source: Reuters

Oil slumps over 3%, hits May lows as losses extend to a sixth day

Reuters

Wall Street indexes fell on Thursday on concerns the Federal Reserve could begin to rein in its massive monetary stimulus, while commodity-linked stocks sank as oil and metal prices tumbled to multi-month lows.

The S&P energy sector was the …

August 19, 2021 - 10:00 am — Closing Bell Story‎, Commodity Pricing, Energy News
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