Post Tagged with: "weekly fall"

Source: Reuters

Oil rises on US inflation data, but set for weekly fall due to China COVID fears


SINGAPORE, Nov 11  – Oil prices picked up on Friday after a milder than expected U.S. inflation data reinforced hopes that the Federal Reserve will slow down rate hikes, boosting chances of a soft landing for the world’s biggest …

Source: Reuters

Oil prices head for weekly fall after volatile week


NEW YORK  -Oil prices fell on Friday, wiping out gains from the previous session, on worries that the U.S. Federal Reserve will accelerate plans to boost interest rates to tame inflation.

Brent crude futures fell 87 cents, or 1.1%, …