Oil edged lower on profit-taking, interest rate hike prospect
Oil edged lower on profit-taking, interest rate hike prospect
International benchmarks for crude oil settled lower on Thursday, 13 January 2022 as investors took profit after two days gains fearing the interest rate hike in the US would pressure the commodity market. However, the market was cushioned by the strong economic recovery.
Brent dropped 20 cents to close at $84.47/barrel.
WTI slipped 52 cents to close at $82.12/barrel.