Oil slips for a third straight day on prospect of US rates staying high

Oil slips for a third straight day on prospect of US rates staying high

May 22, 2024 / Riah Marton /



OIL prices fell more than 1 per cent on Wednesday, retreating for a third straight day, as Fed officials rekindled worries about oil demand when they indicated interest rate cuts might be deferred due to sustained inflation.

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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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