Oil Prices Fall As Fears Of A Global Economic Slowdown Grow
Crude oil prices extended a slide that began earlier this week as fears of a global slowdown prevailed oversupply constraint considerations. Remarks from the Federal Reserve’s chairman Jerome Powell added to pressure on benchmarks. Powell said this week that he sees at least two more rate hikes by the end of the year. The statement suggests current efforts to rein in inflation have not done the job, which in turn suggests that the situation is graver than many believed originally, including Powell himself. Читать дальше...