VIDEO: Global oil outlook. Five factors to watch in Week 12

Eloise Radley


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.


ICIS Premium news service

The subscription platform provides access to our full range of breaking news and analysis

Contact us now to find out more

Speak with ICIS

Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. Access to expert insights on the latest industry developments and tracking market changes are vital in making sustainable business decisions.

Want to learn about how we can work together to bring you actionable insight and support your business decisions?

Need Help?

Need Help?