Oil Prices Dip Amid Prolonged High Interest Rates

On Tuesday, May 21, global oil markets experienced a downturn as investors grappled with the likelihood of sustained high interest rates in the United States. This financial landscape, shaped by persistent inflationary pressures, has begun to dampen consumer fuel demand. Brent crude futures fell 1% to $82.88 per barrel; West Texas Intermediate (WTI) for June […]