Crude oil prices continued to decline on Wednesday, failing to gain any purchase from a significant drop in U.S. crude inventories and instead driven by the fears of another interest rate hike and a climbing dollar. At 5.22 p.m. EST on Wednesday, Brent crude was down 1.95% to $83.12 per barrel, for a $1.65 loss on the day, while WTI was 2.10% at $79.16 per barrel, for a $1.70 loss on the day. Earlier in the day, the U.S. Energy Information Administration (EIA) reported an inventory draw of 4.6 million barrels for the week to April 14, compared…
Hence then, the article about crude oil erases opec gains as dollar rises rate hike looms was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Crude Oil Erases OPEC+ Gains As Dollar Rises, Rate Hike Looms )