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Energy news

Oil prices settle down 1%; strong US data boosts dollar

19 May, 2023 | 3 minute read
U.S. inflation does not seem to be cooling fast enough to allow the Federal Reserve to pause its interest-rate hike campaign, according to two Fed policymakers. From remarks from Dallas Federal Reserve Bank President Lorie Logan and St. Louis Fed President James Bullard, it appeared that a minority hawkish view has gained ground at the Fed in the runup to the next policy meeting on June 13-14. High interest rates boost borrowing costs, which can slow the economy and reduce oil demand.
Read More - ABC News

Oil prices settle down 1%; strong US data boosts dollar

19 May, 2023 | 3 minute read
U.S. inflation does not seem to be cooling fast enough to allow the Federal Reserve to pause its interest-rate hike campaign, according to two Fed policymakers. From remarks from Dallas Federal Reserve Bank President Lorie Logan and St. Louis Fed President James Bullard, it appeared that a minority hawkish view has gained ground at the Fed in the runup to the next policy meeting on June 13-14. High interest rates boost borrowing costs, which can slow the economy and reduce oil demand.
Read More - ABC News

Oil prices settle down 1%; strong US data boosts dollar

19 May, 2023 | 3 minute read
U.S. inflation does not seem to be cooling fast enough to allow the Federal Reserve to pause its interest-rate hike campaign, according to two Fed policymakers. From remarks from Dallas Federal Reserve Bank President Lorie Logan and St. Louis Fed President James Bullard, it appeared that a minority hawkish view has gained ground at the Fed in the runup to the next policy meeting on June 13-14. High interest rates boost borrowing costs, which can slow the economy and reduce oil demand.
Read More - ABC News