Oil falls by $1/bbl as rate hike fears outweigh tighter U.S. stockpiles
Published
Oil fell by around $1 a barrel on Thursday in volatile trade as the impact of tighter U.S. crude stocks due to a winter storm in the United States was outweighed by fears that Federal Reserve interest rate hikes and China's rising COVID-19 cases would dent demand. Brent crude futures settled at…
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