Day: May 20, 2024

Oil prices dip as high interest rate outlook outweighs tight supplyOil prices dip as high interest rate outlook outweighs tight supply

Oil prices slipped in early trade on Tuesday amid concerns that fuel demand will be crimped by major central banks holding interest rates higher for longer, even with supply expected to be tight. Brent crude futures were down 11 cents at $93.18 a barrel at 0055 GMT and U.S. West Texas Intermediate crude futures were […]