OIL PRICE: Oil Falls for Fourth Straight Session on US Inflation Jitters

May 24, 2024, 05.06 AM | Source: Reuters
OIL PRICE: Oil Falls for Fourth Straight Session on US Inflation Jitters

ILUSTRASI. OIL PRICE: Oil Falls for Fourth Straight Session on US Inflation Jitters. REUTERS/Angus Mordant//File Photo

OIL PRICE - NEW YORK, May 23 (Reuters) - Oil prices fell for a fourth consecutive session on Thursday and settled at multi-month lows as the prospect of higher-for-longer U.S. interest rates raised worries around demand growth in the world's biggest oil market.

Brent crude futures LCOc1 settled lower by 54 cents, or 0.7%, at $81.36 a barrel, the lowest since January. U.S. West Texas Intermediate (WTI) crude futures CLc1 fell 70 cents, or 0.9%, to $76.87 a barrel, a three-month low.

Thanks for reading Kontan English.
Please create account or log in.

Only Rp5,000 to continue reading.

BUY NOW!
Editor: Hasbi Maulana
Latest News