Oil dips as dollar firms while more rate hikes loom

The Daily Star – Reuters, Singapore

Oil prices dipped in Asian trade on Thursday as the dollar firmed, while the possibility of further interest rate hikes from global central banks also heightened demand concerns.
Brent crude futures fell 64 cents, or 0.8 per cent, to $82.06 per barrel by 0430 GMT, while US crude futures slid 74 cents, or 1.0 per cent, to $76.54.Read more on The Daily Star

Author: apdimcion

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