scorecardresearchCrude Oil Edges Higher Ahead of Central Bank Moves on Interest Rates

Crude Oil Edges Higher Ahead of Central Bank Moves on Interest Rates

Updated: 21 Sep 2022, 08:54 AM IST
TL;DR.
Crude is on track for its first quarterly loss in more than two years as concerns over a global economic slowdown weigh on the outlook for energy demand. The Fed decision will be followed by other central banks from Europe to Asia, which are also expected to increase borrowing costs.
FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant/File Photo/File Photo

FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant/File Photo/File Photo