scorecardresearchOil falls more than 2% on demand fears and strong dollar

Oil falls more than 2% on demand fears and strong dollar

Updated: 19 Sep 2022, 05:11 PM IST
TL;DR.
Central banks around the world are certain to increase borrowing costs to tame high inflation this week and there is some risk of a blowout 1 percentage point rise by the U.S. Federal Reserve
China is among the largest importers of crude oil globally, and mobility restrictions in the country had raised demand concerns (File Photo: AP)

China is among the largest importers of crude oil globally, and mobility restrictions in the country had raised demand concerns (File Photo: AP)