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Oil steadies after falling on rate hike worries, Russian crude flows

Por: CNBC Business January 31, 2023

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Oil prices steadied in early Asian trade on Tuesday after falling by more than 2% in the previous session on the threat of further interest rate hikes and continued Russian crude flows. gained 28 cents to $85.18 per barrel by 0155 GMT, while (WTI) crude futures were up 9 cents to $77.99.Investors expect  will hike interest rates by 25 basis points on Wednesday, with a half-point increase by the Bank of England and European Central Bank the... + full article



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