on expectations that further interest rate hikes in the United States, the world's biggest oil user, will slow economic growth and limit fuel demand.
" is more hawkish than what markets are pricing at the moment ," said Yeap Jun Rong, Market Analyst at IG in a note, adding that the upcoming speech from Fed chair Jerome Powell later on Tuesday could mirror the hawkish tone with some pushback as well. But analysts warned that China's demand revival may play limited role to drive up oil prices under the global economic downward pressure.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bed Bath & Beyond warns of potential bankruptcy - San Francisco Business TimesThe company has a dozen locations in the Bay Area, and others have already closed over the past year.
Weiterlesen »
UBS sees these retail stocks winning from a potential Bed Bath & Beyond bankruptcyDoubts about Bed Bath & Beyond's future opens a door for other retailers to pick up market share, says UBS
Weiterlesen »