Day: June 17, 2022

Brent crude prices
Economy

Oil prices dropped as the US rate hiked, but constrained supply remains a concern

Oil prices fell on Thursday, erasing early gains and heading down, a day after a drop sparked by a US interest rate rise, albeit tight supplies restricted losses. Brent crude prices were down 45 cents, or 0.4 percent, to $118.06 a barrel by 0906 GMT, while WTI crude futures were down 44 cents to $114.87, […]

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