ABU DHABI/WAM Under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, ...
Read More »Oil sinks as hawkish Fed talk boosts supply-driven bear case
Bloomberg Oil capped its longest string of daily losses this year as hawkish signals from Federal Reserve officials added to concerns about a glut of crude piling up in storage. A significant increase in US inventories and a broader risk-off sentiment sparked by the prospect of continued rate hikes from the Fed have weighed on oil this week. The ...
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