Oil futures find support as investors continue to monitor China's reopening and look for more clues to the size and speed of Fed rate hikes
Oil futures rose Tuesday, finding support as investors continue to monitor China’s reopening and look for more clues to the size and speed of Fed rate hikes.
“We... Oil futures rose Tuesday, finding support as investors continue to monitor China’s reopening and look for more clues to the size and speed of Fed rate hikes. “We are confident that oil prices will climb again once the current wave of COVID infections has peaked in China and economic activity picks up,” said Carsten Fritsch, commodity analyst at Commerzbank, in a note.
China has also opened its borders to international travelers again, which should go hand in hand with a recovery in oil demand, Fritsch said.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed's Bostic: Fair to say that the Fed is willing to overshootAtlanta Federal Reserve bank president Raphael Bostic said on Monday that it is ''fair to say that the Fed is willing to overshoot.'' Key notes A like
Read more »
Oil steady as clarity on Fed rate hike awaitedOil prices were little changed on Tuesday, giving up some of the gains from the previous session, as traders awaited clarity on the Federal Reserve's plans for rate hikes to gauge the impact on the economy and fuel demand.
Read more »
Asia shares dip on hawkish Fed remarks; recession risk weighs on commodities, oilAsian shares fell on Tuesday, commodities shed recent gains from China's reopening, and oil traded lower following hawkish comments from two U.S. Federal Reserve officials overnight, with investors turning cautious ahead of key inflation data.
Read more »
Asia shares rally on U.S. rate hopes, China reopeningHopes for less aggressive Fed rate hikes and and open China borders bolstered investor sentiment.
Read more »
Asia shares rise on U.S. rate bets, China reopeningHopes for less aggressive Fed rate hikes and and open China borders bolstered investor sentiment.
Read more »
Asian Stock Market: China reopening, easy Fed bets underpin firmer sentiment amid Tokyo’s absenceAsian Stock Market: China reopening, easy Fed bets underpin firmer sentiment amid Tokyo’s absence – by anilpanchal7 Asia RiskAppetite China Fed Equities
Read more »