Oil weakened on Wednesday, with Brent crude falling close to its lowest this year, pressured by concern about recession and easing fears that a Western cap on Russian oil prices would significantly curb supply.Warnings from big U.S. banks about a likely recession next year weighed, and supported the U.S. dollar. A stronger dollar makes oil more expensive for holders of other currencies and tends to dampen appetite for risk assets.
from Commodities-Markets-Economic Times
Read The Rest:economictimes...
Post Top Ad
Wednesday 7 December 2022
Oil falls close to 2022 lows on economic worries, easing supply fears
Tags
# commodities
Share This
About ajit
commodities
Tags:
commodities
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment