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Oil Set for Weekly Loss as Hawkish Fed Overshadows Tight Market

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(Bloomberg) -- Oil headed for its first weekly loss in four after the Federal Reserve flagged a further rise in US interest rates this year, damping appetite for risk assets and overshadowing physical tightness in the crude market.Most Read from BloombergEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls Diplomats Amid Tensions‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsWall Street Trading Roiled by ‘Post-Fed Hangover’: Markets W

Awkward Encounters: Pushing Limits of EmbarrassmentHere's why Suncor and Enbridge are two top energy stocks investors can buy today and hold for a decade or longer. The post 2 Top Canadian Energy Stocks to Buy Right Now appeared first on The Motley Fool Canada.OTTAWA — The Bank of Canada was watching its words at its last interest rate announcement, in fear of spurring speculation that rate cuts are coming any time soon.

The Bank of Canada held its key interest rate steady at five per cent earlier this month amid signs of the economy weakening. " also considerCALGARY — A growing number of forecasts are calling for the return of US$100 oil before the end of the year — a prospect that could put even more pressure on consumers and make it harder for central bankers to rein in inflation.

 

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