Saturday, November 30, 2024
Oil steadies as rate hike talk offsets China demand hopes- oil and gas 360

Oil steadies as rate hike talk offsets China demand hopes

US News LONDON – Oil prices rose on Friday in choppy trade as hopes of stronger Chinese demand and output cuts by OPEC and its allies offset concern about a global economic downturn and the impact of interest rate rises on fuel use.   To fight inflation, the U.S. Federal Reserve is trying to slow the economy and will keep