24 Aug, 23

Oil Prices Under Pressure As Economic Concerns Mount

UncategorizedNo Comments

Oil prices fell in Asian trading early on Thursday, losing ground for a fourth consecutive day, as market participants are concerned about the pace of China’s economic growth while keeping an eye on the Jackson Hole Fed meeting starting today, which could shed more light on whether interest rates would remain higher for longer.     In early Asian trading on Thursday, both benchmarks were down by around 0.3% as the market ignored a large U.S. crude draw reported on Wednesday and remained focused on the underwhelming Chinese…

Leave a Reply

Your email address will not be published. Required fields are marked *

This field is required.

This field is required.