cryptocurrency newsDec 20, 2024
Oil Headed for Weekly Loss Amid Demand Fears
Oil prices were on track for weekly losses of roughly 3%, pressured by a stronger U.S. dollar and worries about global demand growth. Brent crude and WTI were both down…
Oil prices were on track for weekly losses of roughly 3%, pressured by a stronger U.S. dollar and worries about global demand growth.
Brent crude and WTI were both down 0.6% at $72.48 and $68.97 a barrel, respectively.
The U.S. dollar index jumped to its highest value since Nov. 22 after the Fed pared back its rate-cut outlook for next year, making commodities more expensive for holders of other currencies.
