EnergyWatch

Oil prices jump after diving in wake of US interest rate hike

The Federal Reserve announced the biggest interest rate increase since 1994, with oil prices soon sent downward, but investors stay confident on crude demand holding steady.

Photo: Jacob Ehrbahn

After taking a steep fall, oil is trading higher due to tight supply and forecasts of stable demand.

This occurs after the US Federal Reserve’s Wednesday announcement of raising the dollar interest rate with 75 basis points, the largest rate hike since 1994.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ukrainian utility hit by cyberattack

Russian hackers have allegedly carried out a cyberattack against the largest privately owned utility in Ukraine, DTEK Group. The perpetrators’ goal was to destabilize, the company reports.

Further reading

Related articles

Latest News

See all jobs