Oil falls on fears inflation may dent fuel demand growth - Finance & Business News, Stock Market updates & Reviews | Themarkettrendz

Post Top Ad

Tuesday, 12 October 2021

Oil falls on fears inflation may dent fuel demand growth

Oil prices dropped on Wednesday, after a mixed finish in the previous session, amid worries that soaring coal and natural gas prices in China, India and Europe will stoke inflation and slow global growth, reducing oil demand. A strong U.S. dollar, trading near a one-year high, also weighed on oil prices, as it makes oil more expensive for those holding other currencies.

from Commodities-Markets-Economic Times
Read The Rest:economictimes...

No comments:

Post a Comment

Post Bottom Ad