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Oil Prices Continue to Fall as Investors Anticipate Interest Rate Hikes to Fight Inflation

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London, Thursday 20 April 2023 ((rezonodwes.com))—In London, oil prices continued to fall on Thursday, investors anticipating further interest rate hikes from the US and European central banks to fight inflation, which could weigh on growth and the crude demand.

Around 9:30 a.m. GMT (11:30 a.m. CET), a barrel of Brent from the North Sea for delivery in June slid 1.89% to 81.55 dollars while its American equivalent, a barrel of West Texas Intermediate for delivery in May, of which it is the last day of trading, gave up 1.81%, at 77,73 dollars.

2023-04-20 13:06:37


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