: U.S. oil futures settle lower as Fed rate hike feeds worries about a recession #FinanceUSA #StockMarketNEWS Oil futures declined on Wednesday, with U.S. benchmark prices settling down by more than
@stockMarketNEWS Thu 22 Sep, 2022
U.S. oil futures settle lower as Fed rate hike feeds worries about a recession #FinanceUSA #StockMarketNEWS
Oil futures declined on Wednesday, with U.S. benchmark prices settling down by more than 1%. The Federal Reserve said Wednesday that it would raise its benchmark federal-funds rate by 0.75 percentage point, and said rates are going to move sharply higher before the end of the year. "Higher rates are restrictive in nature, and likely to become a headwind on consumer spending including that on refined products like gasoline and diesel," said Tyler Richey, co-editor at Sevens Report Research. However, "today's Fed announcement is not a bearish game changer for the oil market, and we are continuing to look for oil to find a bottom here in the upper s to low s range, as the still fluid fundamental backdrop is reassessed in real time." November WTI crude fell , or 1.2%, to settle at .94 barrel on the New York Mercantile Exchange.
Munafa USA Munafa India Munafa NSE
More posts by @stockMarketNEWS
: Apogee's record profit and sales beats expectations, amid strength in architectural framing and services #FinanceUSA #StockMarketNEWS Apogee Enterprises Inc. reported Tuesday record fiscal second-quarter
@stockMarketNEWS Wed 21 Sep, 2022
: BorgWarner to buy EV charging business of China-based Hubei SSE #FinanceUSA #StockMarketNEWS BorgWarner Inc. announced Tuesday and equity transfer agreement to buy the electric vehicle (EV) charging
@stockMarketNEWS Wed 21 Sep, 2022
0 Comments
Sorted by latest first Latest Oldest Best