Oil’s rally cools as tight crude market vies with hawkish U.S. Fed

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Oil eased off yearly highs, capping a tumultuous week that saw the U.S. Federal Reserve flagging a further rate hike and Russia banning diesel exports.

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Oil Set for Weekly Loss as Hawkish Fed Overshadows Tight Market(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
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Oil Set for Weekly Loss as Hawkish Fed Overshadows Tight MarketOil 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.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Oil Retreats as Fed’s Rate Signal Eclipses Decline in StockpilesOil fell after the Federal Reserve signaled that at least one more interest-rate hike is possible this year in its fight to subdue stubborn inflation, overshadowing signs of a tighter physical crude market.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Oil Retreats as Fed’s Rate Signal Eclipses Decline in Stockpiles(Bloomberg) -- Oil fell after the Federal Reserve signaled that at least one more interest-rate hike is possible this year in its fight to subdue stubborn inflation, overshadowing signs of a tighter physical crude market.Most Read from Bloomberg‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Oil retreats as Fed's rate signal eclipses decline in stockpiles​Oil fell after the Federal Reserve signaled that at least one more interest-rate hike is possible this year in its fight to subdue stubborn inflation, overshadowing signs of a tighter physical crude market.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Why the Fed may not be worried about high oil prices yetThe Federal Reserve announced it will keep rates steady, with a possibility for another rate hike down the road. With gas prices rising, student loan repayments resuming, workers' strikes, and a potential government shutdown, there's a lot of uncertainties for investors to consider. Another one of them is what the Fed will do at their November meeting. Peter Tchir, Head of Macro Strategy for Academy Securities and Yung-Yu Ma, U.S. Chief Investment Officer of BMO Wealth Management, join Yahoo Finance to discuss their predictions for the Fed's next move and how markets are reacting to all the latest financial headwinds. When asked about the central bank's options going forward, Ma explains that the Fed will have to pay attention to these headwinds saying 'its definitely still data dependent whether or not the Fed raises rates again...cutting rates is far out prospect at this point.' Tchir says when it comes to higher oil prices, he thinks the Fed will be 'reluctant' to try to deal with them through monetary policy, adding that prices may have to be higher until January or February for the Fed to become concerned. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »