Advertisement

Oil prices hold steady as markets debate Fed hikes and supply woes

Oil prices held steady in volatile trading today, as traders balanced worries about tight supplies with fears that global demand could slow due to a strong U.S. dollar and possible large increases to interest rates.
 
Central banks around the world are certain to increase borrowing costs this week to tame high inflation, and there is some risk of a full 1 percentage point rise by the U.S. Federal Reserve.
 
Brent crude for November fell 6 cents to $91.29 a barrel. 
 
U.S. West Texas Intermediate for October rose 3 cents to $85.14 per barrel.


comments powered by Disqus
More Stories
Most Popular
TCI appeals for Jamaica's help to curb gang...
Kingston Technical High mourns death of...
Gordon pleased with draw for CONCACAF U17...