Oil swings as rising rate angst vies with tight physical market

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Oil Swings as Rising Rate Angst Vies With Tight Physical Market(Bloomberg) -- Oil swung in a volatile session as traders weighed tightness in the physical market against macroeconomic concerns that are clouding crude’s demand outlook. Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonKey Taiwan Tech Firms Helping Huawei With China Chip PlantsAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.JPMorgan’s Dimon Predicts 3.5-Day Work Week for Next Generation Thanks to AI Severe Crash Is Coming for US Office Properties, Su
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Oil holds loss below US$90 with market buffeted by rate fears​Oil held onto the previous day's drop as macroeconomic concerns overshadowed physical market tightness to cloud the demand outlook.
Source: BNNBloomberg - 🏆 83. / 50 Read more »