Oil falls 1% on sticky US inflation, dampened geopolitical risk premium

Oil falls 1% on sticky US inflation, dampened geopolitical risk premium

May 21, 2024 / Riah Marton /



OIL prices settled 1 per cent lower on Tuesday (May 21) as lingering US inflation looked likely to keep interest rates higher for longer, weighing on fuel demand.

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Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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