Baku 20° C
Oil falls in price amid actions of US Federal Reserve
Energy
- 10 January, 2023
- 06:23
Add Report.az to preferred Google sources
Stay up to date with the top news!
Global oil prices on January 10 morning fell on investors’ doubts about the termination of the tightening of monetary policy by the US Federal Reserve System (FRS), Report informs referring to the auction data.
The price of March futures for Brent crude fell by 0.65% to $79.13 per barrel, February futures for WTI decreased by 0.59% to $74.19.
Oil fell as expectations of tighter monetary policy in the US overshadowed optimism about a recovery in demand in China, Bloomberg reports.
The fact is that on January 9, two Fed officials said that the regulator will most likely have to raise the discount rate above 5%, and then hold this level for some time.
Author
Neft ABŞ FED-in addımlarının gözlənilməsi fonunda ucuzlaşıb
Нефть подешевела в ожидании действий ФРС США
Latest News
11:08
Azerbaijan increases revenue from methanol exports by 8%
Energy
11:03
Azerbaijan increases exports of petroleum bitumen 3.5-fold
Energy
11:03
Azerbaijan increases exports of petroleum coke 1.4-fold
Energy
10:55
Azerbaijan exports nearly 327,000 tons of nitrogen fertilizer in 9 months
Energy
10:47
Top 10 countries importing Azerbaijani oil in 9 months
Energy
10:42
Azerbaijan's natural gas exports approached 18 bcm in nine months
Energy
10:40
Azerbaijan sees over twofold surge in revenue from petroleum product exports
Energy
10:29
WB ready to increase funding for environmental rehabilitation, infrastructure modernization in Baku
Finance
10:16
Azerbaijan boosts oil export revenue by over 13%
Energy