Oil declines for the...from Janelle

Oil declines for the fourth day in a row due to expectations of a US interest rate hike Oil prices fell for the fourth consecutive session during these moments of trading, today, Thursday, after the minutes of the US Federal Reserve meeting revealed discussions regarding further tightening of interest rates if inflation remains stable, a step that may harm demand for oil. Minutes from the Federal Reserve's latest policy meeting released on Wednesday showed that the US central bank's response to flat inflation will mean holding interest rates for now but also reflects discussion of the possibility of further increases. #OPINIONLEADER# #trading# #BeginnerTalk# #CrudeOil# #DailyViewTrade#

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.