Oil prices extend losses on fears aggressive Fed rate hike will curb demand - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Tuesday, 20 September 2022

Oil prices extend losses on fears aggressive Fed rate hike will curb demand

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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