Oil falls 1% on sticky US inflation, dampened geopolitical risk premium

Oil falls 1% on sticky US inflation, dampened geopolitical risk premium

May 21, 2024 / Sarkiya Ranen /



OIL prices settled 1 per cent lower on Tuesday (May 21) as lingering US inflation looked likely to keep interest rates higher for longer, weighing on fuel demand.



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Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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