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Oil slips as U.S. crude, fuel inventories reignite demand concerns
Oil slips as U.S. crude, fuel inventories reignite demand concerns
The oil market has been pulled lower by worries about U.S. interest rate hikes to curb inflation which would trigger a recession and curtail fuel demand, offsetting hopes for fuel demand growth in China, the world's second largest oil consumer, as it eases COVID-19 curbs and resumes international travel.
The oil market has been pulled lower by worries about U.S. interest rate hikes to curb inflation which would trigger a recession and curtail fuel demand, offsetting hopes for fuel demand growth in China, the world's second largest oil consumer, as it eases COVID-19 curbs and resumes international travel.