VIDEO: Global oil outlook. Five factors to watch in Week 12
Eloise Radley
20-Mar-2023
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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