Oil prices fall amidst fears of higher interest rates
Oil prices fell today, Thursday, in light of fears that higher interest rates in countries such as the US will reduce economic growth and global demand for crude oil.
Decline in American oil futures
By 11:50 Moscow time, futures for American oil fell by 0.05% to $69.55 per barrel.
Drop in Brent oil futures
Brent oil futures fell 0.04% to $74 a barrel, according to Bloomberg.
Loss of gains in black gold contracts
Thus, contracts for black gold lost the gains of the last session, while US oil closed yesterday with an increase of 2.8%, to 69.65 dollars per barrel, while Brent oil rose to 74.03 dollars per barrel.
Source: RT + Bloomberg
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