Reported 4 months ago
The article discusses how oil prices fell due to a weak Treasury auction, causing a risk-off sentiment in financial markets. Despite tensions in the Middle East and output cuts by OPEC+, oil prices have been affected by concerns about rising yields and lower demand outlook in China. The article also mentions the upcoming OPEC+ meeting to extend production curbs, as well as comments from the Federal Reserve Bank of Minneapolis President regarding interest rates.
Source: YAHOO