Oil prices fall ahead of the U.S. Federal Reserve meeting. The central bank is expected to raise rates by at least 75 basis points. OPEC sees demand growth slowing next year, as oil prices help drive up inflation and act as a drag on the global economy. Oil prices dropped on Wednesday on stresses over fuel … Read more
The Canadian Toronto Stock Exchange’s S&P/TSX composite index ended down 2.6% at 19,742.56. A correction is when an index closes 10% below its record closing high. The TSX did that on May 11 and May 12 but then rallied. Canadian financial exchange tumbled once more into remedy an area on Monday and the dollar debilitated … Read more
Brent crude fell 1.7% and U.S. West Texas Intermediate was down 1.8%. COVID-19 cases in Beijing quelled hopes for a rapid pick-up in China’s fuel demand. Worries about global inflation and economic growth further depressed the market. Oil prices slipped more than $2 on Monday as an eruption in COVID-19 cases in Beijing controlled expects … Read more
