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After the shift in the interest rate outlook, oil prices suffer losses as the dollar strengthens.

The Star LogoThe Star2 mo ago

 After the shift in the interest rate outlook, oil prices suffer losses as the dollar strengthens. - The Star

Quick Summary:

SINGAPORE: Oil prices fell on Monday, extending losses from the previous session after the dollar rose on market views that higher-than-expected inflation could delay cuts to high U.S.interest rates that have been capping global fuel demand growth.

"Crude oil prices declined for want of fresh drivers," ANZ analysts wrote in a note.

However, the bank has raised its summer peak price to $87 a barrel, up from $85, as Red Sea disruptions have driven larger-than-expected draws in stocks held by countries that are members of the Organisation for Economic Co-operation and Development (OECD).


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 After the shift in the interest rate outlook, oil prices suffer losses as the dollar strengthens. - The Star (Picture 1)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-02-26 @ 15:45:00 (2 months ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 553 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 20218402

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 38 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

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The story " After the shift in the interest rate outlook, oil prices suffer losses as the dollar strengthens." was covered 2 months ago by The Star, a news publisher based in Malaysia.

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  • News ID: #20218402
  • URL: https://beamstart.com/news/oil-extends-losses-after-dollar-17089349255786

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