scorecardresearchOil prices edge higher, but expected U.S. interest rate hike looms

Oil prices edge higher, but expected U.S. interest rate hike looms

Updated: 15 Jun 2022, 10:27 AM IST
TL;DR.
In volatile trading Brent crude futures for August were up 15 cents, or 0.1%, at $121.32 a barrel as of 0422 GMT after falling to as low as $120.65 earlier in the session on the back of a 0.9% decline on Tuesday.
Yang Mei Hu oil products tanker owned by COSCO Shipping gets moored at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. REUTERS/Tatiana Meel

Yang Mei Hu oil products tanker owned by COSCO Shipping gets moored at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. REUTERS/Tatiana Meel