Petroleum slides for a 5th day today on Fed rate issues
Oil rates set for a weekly loss in this last typical trading week of 2024.
The hawkish message from the Fed on rate cuts for 2025 has actually terrified financiers far from products.
The United States Dollar Index did strike a two-year high for a 3rd day today and goes through some profit-taking.
Petroleum rates look not able to prevent a weekly loss of around 2% in yet another downbeat trading day. The state of mind turned even more unfavorable over night as financiers got worried about the Federal Reserve's (Fed) hawkish tilt, which might rapidly exterminate any financial increases from the Trump administration. President-elect Donald Trump cautioned Europe that if the area does not enhance its Gas and Oil purchasing from the United States to make great on its trade deficit with ...