Oil Holds Losses Near $83 as Federal Reserve Rate Rise Darkens Outlook
Updated: 22 Sep 2022, 07:04 AM IST
TL;DR.Oil held losses near $83 a barrel after the Federal Reserve raised interest rates and signaled more aggressive monetary tightening, raising concerns about the outlook for energy demand.
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