Oil Prices Drop as Markets Assess Federal Reserve's Inflation Stance
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Oil prices fell in Friday trading as traders assessed signs of the Federal Reserve's policy to combat inflation, and suffered a weekly decline on news of Iran-Oman talks over the Strait of Hormuz.
Presby. Oil prices fell at Friday's settlement and declined during the week, influenced by the United States Federal Reserve's anti-inflation policy.
Oil Prices Drop as Markets Assess Federal Reserve's Inflation Stance
By Adedapo Adesanya Oil prices settled lower on Friday as traders evaluated hints about the US Federal Reserve Bank’s inflation-fighting policy, with Brent crude futures down by 39 cents or 0.43 per cent to $89.31 a barrel, and the US West Texas Intermediate (WTI) crude futures losing 13 cents or 0.16 per cent to trade at […]
Oil prices fell in Friday trading as traders assessed signs of the Federal Reserve's policy to combat inflation, and suffered a weekly decline on news of Iran-Oman talks over the Strait of Hormuz.
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