Oil: Brent and WTI prices are moving in a saw-saw pattern : Orishas-finance

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Oil: Brent and WTI prices are moving in a saw-saw pattern

10/03/2023

Source : ORISHAS FINANCE

Categories: Raw materials

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Oil: Brent and WTI prices are moving in a saw-saw pattern

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Concerns about rising interest rates continue, hurting oil prices. Faced with this situation, operators remain cautious and suspended from the US Federal Reserve.

Oil changes little this weekend. While US Federal Reserve rates triggered a rout in energy prices over the past three days, Brent futures, which fell by around 5%, were up marginally from their lowest level in three weeks at $81.72 per barrel at 0113 GMT. U.S. West Texas Intermediate (WTI) crude traded 2 cents, or 0.03%, to $75.74, after falling nearly 6% over the past three trading sessions.

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