Increase in WTI crude oil price - London Business News | Londonlovesbusiness.com
Briefly

Investors closely monitor the inverse relationship between interest rates and oil prices, fearing that high rates could reduce demand by raising borrowing costs and slowing economic activity.
Future oil price trends hinge on PCE index data and Federal Reserve interest rate policies. High rates can reduce loan affordability, slow down the economy, and lower oil demand, potentially decreasing prices.
Read at London Business News | Londonlovesbusiness.com
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