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Crude Declines on Risk of Fed Rate Tightening

OIL

Crude edging lower in reaction to comments from US Fed Chair Powell with the risk of more interest rate hikes weighing on demand.

  • Brent MAY 23 down -1.1% at 85.23$/bbl
  • WTI APR 23 down -1.2% at 79.51$/bbl
  • WTI-Brent up 0.08$/bbl at -5.6$/bbl
  • Brent MAY 23-JUN 23 down -0.01$/bbl at 0.55$/bbl
  • Brent JUN 23-DEC 23 down -0.16$/bbl at 2.67$/bbl

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