Oil prices slide further as oversupply and demand concerns grow
Monday, 23 December 2024 ()
Crude oil prices were in the red on Monday as oversupply concerns and poor demand outlook continued to weigh on sentiments. Oil prices had fallen last week when the Federal Reserve signalled fewer interest rate cuts in 2025 than previously anticipated. Higher rates reduce liquidity in an economy, leaving less money with industries, thereby curtailing […]
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