Crude oil drops on fears European Central Bank may hike interest rates again
Crude oil traded lower on Friday morning as the market expects high consumer inflation figures in Europe will lead to an interest rate hike.At 9.57 am on Friday, May Brent oil futures were down by 0.38 per cent at $84.43 and April crude oil futures on WTI were down by 0.38 per cent at $77.86.March […]
Crude oil declines awaiting minutes of US Fed Reserve meeting
A strong US dollar and the expectations of an aggressive increase in interest rates in the US-led crude oil futures to trade lower on Tuesday morning. At 9.57 am on Tuesday, April Brent oil futures were at $83.18, down by 1.06 per cent, and April crude oil futures on WTI were at $76.65, down by […]