News Formal

Oil Set for Weekly Loss as Hawkish Fed Overshadows Tight Market

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

(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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks struggle as oil surge sets stage for hawkish FedAsian stocks struggled for headway on Wednesday while 10-year U.S. Treasury yields stood at 16-year highs as surging oil prices drive inflation and set the scene for the Federal Reserve to project interest rates staying higher for longer. Higher energy costs led to a bigger-than-expected spike in Canadian inflation, overnight data showed, lifting the loonie and triggering selling in the Treasury market. Benchmark 10-year Treasury yields hit their highest since 2007 at 4.371% overnight and were last at 4.36%.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stocks struggle as oil surge sets stage for hawkish FedBy Tom Westbrook SINGAPORE (Reuters) - Asian stocks struggled for headway on Wednesday while 10-year U.S. Treasury yields stood at 16-year highs as ...
Source: SaltWire Network - 🏆 45. / 63 Read more »