Oil Ends Down 6% as Dollar Flies on Rate Hike Fears

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AncientSword
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Oil Ends Down 6% as Dollar Flies on Rate Hike Fears

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https://www.investing.com/news/commodit ... rs-2820746

By Barani Krishnan

Investing.com - Crude prices fell 6% on Monday as the dollar hit 20-year highs on U.S. rate hike fears that hammered the value of not just commodities priced in the currency but also other risk assets such as equities and cryptocurrencies.

Brent crude, the London-traded global benchmark for oil, settled down $6.45, or 5.7%, at $105.94 a barrel.

New York-traded West Texas Intermediate, or WTI, the benchmark for U.S. crude, settled down $6.68, or 6.1%, at $103.09.
xkhan
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Re: Oil Ends Down 6% as Dollar Flies on Rate Hike Fears

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xkhan
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Joined: Sun Sep 29, 2024 7:06 am

Re: Oil Ends Down 6% as Dollar Flies on Rate Hike Fears

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