Oil prices drop below $70 per barrel as investors fear further Fed rate hike

City A.M.

12 Jun 2023 0 shares 1 views

City A.M.

Published 12 Jun 2023

Oil prices have fallen as investors fear further rate hikes from the Federal Reserve this week, when it meets to discuss interest rates.

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Central Bank Rate Hikes Force Oil Prices Lower

Macro-economic headwinds continue to plague the oil markets, and central bank action this week has turned the sentiment decidedly..

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