Oil Hits 15-Month Low After Fed Rate Hike - News Summed Up

Oil Hits 15-Month Low After Fed Rate Hike


Oil prices hit a 15-month low Thursday, as higher interest rates ignited concerns about slowing global demand. Light, sweet crude for February delivery fell 3.3% to $46.57 a barrel on the New York Mercantile Exchange, trading at the lowest level in over a year. Brent, the global benchmark, was recently down 2.8% at $55.63. The Federal Reserve...


Source: Wall Street Journal December 20, 2018 10:00 UTC



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