Oil Prices Find Stability Amidst Tighter Supply and Growth Concerns
TL;DR Summary
Oil prices slipped on Monday due to concerns about further interest rate hikes that could curb demand, balancing the prospect of a tighter market due to supply cuts from OPEC+ producers. Brent crude was down 0.1% at $85.03 a barrel, while US West Texas Intermediate slipped 0.2% to $80.55. The US dollar rose after US jobs data pointed to a tight labour market, firming up expectations of another Federal Reserve rate hike.
- Oil steadies as tighter supply balances growth concerns Reuters
- Oil Prices Regain Stability As Traders Assess New Market Fundamentals OilPrice.com
- Oil edges higher as tighter supply looms, growth concerns weigh Yahoo Finance
- Oil stable as investors assess tighter supply vs. growth outlook ZAWYA
- Oil Prices Head Lower In Calmer Trade OilPrice.com
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