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Oil Prices Find Stability Amidst Tighter Supply and Growth Concerns

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Source: Reuters
Oil Prices Find Stability Amidst Tighter Supply and Growth Concerns
Photo: Reuters
TL;DR

Oil prices slipped on Monday due to concerns about further interest rate hikes that could curb demand, balancing the prospect of a tighter market due to supply cuts from OPEC+ producers. Brent crude was down 0.1% at $85.03 a barrel, while US West Texas Intermediate slipped 0.2% to $80.55. The US dollar rose after US jobs data pointed to a tight labour market, firming up expectations of another Federal Reserve rate hike.

Topics:businessenergy#energy#interest-rates#oil#opec#supply-cuts#us-dollar
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  1. Oil steadies as tighter supply balances growth concerns  Reuters
  2. Oil Prices Regain Stability As Traders Assess New Market Fundamentals  OilPrice.com
  3. Oil edges higher as tighter supply looms, growth concerns weigh  Yahoo Finance
  4. Oil stable as investors assess tighter supply vs. growth outlook  ZAWYA
  5. Oil Prices Head Lower In Calmer Trade  OilPrice.com

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