Oil fell for a fourth session on Friday, heading for its biggest weekly loss in five weeks on worries about the prospect of steep interest rate hikes in the United States slowing growth and hitting fuel demand.
Brent dipped 48 cents, or 0.6, to $81.11 a barrel by 0434 GMT. U.S. West Texas Intermediate crude were down 60 cents, or 0.8%, at $75.12 a barrel.
Expectations of ongoing rate hikes in the world's largest economy and in Europe have clouded the global growth outlook and driven both crude benchmarks down more than 5.5% so far this week, in their worst drop since early February.rate hikes, saying the Fed was wrong in initially thinking inflation was "transitory" and was surprised by the strength of the labour market.increased by the most in five months last week.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
U.S. won't reach a new record in oil production 'ever again,' says Pioneer Natural Resources CEOThe White House has pushed oil companies to produce more oil to bring down gas prices, but a top oil CEO says there is isn't much room to grow.
Consulte Mais informação »
China's Jan-Feb passenger cars sales down 20% - CPCAChina's passenger vehicle sales fell 20% in the first two months of this year, industry data showed on Wednesday, underscoring weak demand in the world's biggest auto market even as some car manufacturers offer reduced prices to revive demand.
Consulte Mais informação »
Houston County real estate transfers Feb. 27-March 2, 2023Seller, buyer, property location, total purchase price, date
Consulte Mais informação »
PRCIT identifies man injured in Feb. 14 police shootingPolice responded to 911 calls from mental health professionals speaking with Jacques Taylor, who was talking about ending his life and said he was armed.
Consulte Mais informação »
17-year-old Cleveland boy missing since Feb. 23Jaheim Grant reportedly left his group home in the 15800 block of St. Clair Avenue and has not returned, according to police.
Consulte Mais informação »
U.S. job cuts over Jan-Feb hit highest since 2009 - reportLayoffs by U.S. companies over January and February touched the highest since 2009, with the tech sector accounting for more than a third of the over 180,000 job cuts announced, a report showed on Thursday.
Consulte Mais informação »