VIDEO: Global oil outlook. Five factors to watch in Week 12
LONDON (ICIS)–Benchmark crude prices have crashed to their lowest level since December 2021, hit by news of multiple banking failures. Against this background, the US Federal Reserve faces a huge challenge when it meets later this week – to continue raising interest rates to cool inflation and risk a recession – or take a pause.
And what does this mean for oil prices?
ICIS market experts take a look at the main drivers for Week 12.
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