Oil falls on concerns of Iranian supply return, inflation fears
newscatcher
2021-05-19 03:30
Oil falls on concerns of Iranian supply return, inflation fears
MELBOURNE (Reuters) – Oil prices fell for a second day on Wednesday on the potential of Iranian supply returning and as investors sold on speculation that inflation fears might lead the U.S. Federal Reserve to raise interest rates, which could limit economic growth.U.S. West Texas Intermediate (WTI) crude futures dropped 73 cents, or 1.1%, to $64.76 a barrel at 0241 GMT, following a 1.2% fall on Tuesday.Brent crude futures also fell 73 cents, or 1.1%, to $67.98 a barrel, after dropping 1.1% on Tuesday.

https://wsau.com/2021/05/18/oil-falls-on-concerns-of-iranian-supply-return-inflation-fears/

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