Oil heads for longest losing run since 2021 on slowdown fears
Money Talks
English - October 13, 2022 09:03 - 4 minutesBusiness News Business News business money finance banking currency stocks politics economy economics analysis Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Oil prices have fallen for a fourth day, and they are now set for the longest losing run in more than a year. And a weaker global demand outlook has depressed the market. Both OPEC and the US Energy Department have cut their demand outlooks. The energy market is under pressure as well from the dollar, which has rallied broadly, including against low-yielding currencies like the yen.
For the details, we spoke to Craig Erlam, OANDA senior market analyst.
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