Interest Rate Concerns Keep Oil Prices Under Pressure

Oil prices are once again under pressure as inflation data suggests the Fed will keep interest rates higher for longer. Meanwhile, COP28 looks set to end in disappointment as nations struggle to agree on any sort of fossil fuel phase-out.- The US House of Representatives is slated to consider legislation banning imports of Russian-origin enriched uranium, currently accounting for almost 25% of the US market.- Russia is the largest uranium enricher globally, owning 46% of the world’s total uranium conversion infrastructure, whilst three-quarters…