Oil Cools After 3-Day Rally Amid Fed Uncertainty, U.S. inventory Build0

• Uncategorized
• February 9, 2023

Oil prices were muted on Thursday as hawkish comments from Federal Reserve officials supported the dollar and brewed some concerns over more interest rate hikes, while U.S. crude inventories also logged a seventh straight week of builds. Hawkish overnight comments from Federal Reserve officials saw markets reassessing their outlook for U.S. interest rate hikes this