Energy news

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WTI Crude - Consolidates amid growth uncertainty

OANDA Senior Market Analyst Craig Erlam discusses the consolidation in crude oil and what is driving it.

24-02-2023 12:10 GMT by Craig Erlam

US Open: The Fed’s Inflation Problem, Rate hikes now priced in for next 3 meetings, Hawkish Fed speak, Oil and Gold crushed as dollar soars on rising rate hike bets, Crypto weakens

US stocks are selling off after the Fed’s preferred inflation reading comes in scorching hot, prompting bets that they will hike rates over the next three meetings. Some traders are also worried that they may need to take rates well above 6.00%. This morning is not just about PCE inflation, but also the consumer.

24-02-2023 10:38 GMT by Edward Moya