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Oil Prices Spike as Dollar Drops but Interest Rates Continue to Rise.

Published On 26 Jul 2022 03:25 PM


Supply fears, stronger Equity markets, and a fall in the U.S dollar have resulted in oil prices rising above 1% from Monday.

Due to some fearing that rising interest could lower the demand for fuel, the increase in oil prices varies. The price of Brent Crude Futures per barrel for September rose by 1.2 percent or by 1.3 dollars to 104.45 dollars, whereas, an increase by 1.5 percent or 1.46 dollars (to result in 96.19$ per barrel) was....

Tags : United states, Oil Prices, U.S. West Texas Intermediate (WTI),

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