• Oil records longest losing streak in 5 months on hawkish US Fed policy, demand worries; Brent down 2% at $82/bbl | Stock Market News

    Source: Buzz FX / 25 May 2024 12:57:14   America/New_York

    Oil prices rose about 1% on Friday, but fell for the week on worries that strong U.S. economic data would keep interest rates elevated for a longer period, curbing fuel demand.
    The Brent crude July contract rose 76 cents to $82.12 a barrel.
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