Oil prices ease ahead of Fed, ECB rate hikes


SINGAPORE: Oil prices eased on Monday as traders awaited more rate hike cues from U.S. and European central banks, with tightening supply and hopes for Chinese stimulus underpinning Brent at $80 a barrel.

Brent crude futures dipped 31 cents, or 0.4%, to $80.76 a barrel by 0644 GMT. U.S. West Texas Intermediate (WTI) crude was at $76.74 a barrel, down 33 cents, or 0.4%.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Brent , WTI

Next In Business News

Govt vows to wrap up all SOE mergers this year
Axteria to buy 80% stake in Niaga Sari
Vietnam launches drive to boost private sector
Arka to dispose of 40% interest in Enfrasys Solutions for RM43mil
MTT Shipping IPO oversubscribed ahead of listing
Healthy backlog bolsters Inta Bina’s outlook
FBM KLCI slips on profit-taking amid ceasefire doubt
AI remains key structural tech growth driver
CCB disposes of Johor land for RM347mil
China’s LNG demand unlikely to bounce back

Others Also Read