Oil falls as China sticks to strict COVID policy - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Sunday, 6 November 2022

Oil falls as China sticks to strict COVID policy

Four Federal Reserve policymakers on Friday indicated they would still consider a smaller interest rate hike at their next policy meeting despite strong jobs data."The market is still dealing with signs of weakness in oil demand from already high prices and the weak economic backdrop in developed markets," ANZ analysts said in a note, adding demand in Europe and the United States have fallen back to 2019 levels.

from Commodities-Markets-Economic Times
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