The market tone remained bearish due to concerns that the aggressive monetary tightening in the U.S. and Europe would boost the likelihood of a recession and a slump in fuel demand, said Toshitaka Tazawa, an analyst at Fujitomi Securities Co Ltd.
from Commodities-Markets-Economic Times
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Wednesday 21 September 2022
Oil prices extend losses on fears aggressive Fed rate hike will curb demand
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