Oil prices fall as dollar climbs, but set for weekly gain on supply concerns - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

Post Top Ad

Thursday, 27 October 2022

Oil prices fall as dollar climbs, but set for weekly gain on supply concerns

Analysts said the strong rebound in U.S. gross domestic product in the third quarter reported on Thursday highlighted the resilience of the world's largest economy and oil consumer. "From an oil market perspective - despite the high interest rates - that's a direct driver into your demand outlook," said Baden Moore, head of commodities research at National Australia Bank.

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

No comments:

Post a Comment

Post Bottom Ad