MARKETS

Oil Heads for Weekly Drop as Hawish Fed Offsets Mideast Risks

Oil headed for its first back-to-back weekly drop this year as a wider risk-off mood driven by hawkish comments from Federal Reserve policymakers countered sustained tensions in the Middle East.

Kgaogelo MatshwiKgaogelo Matshwi
Apr 19, 2024 - 02:47
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Oil Heads for Weekly Drop as Hawish Fed Offsets Mideast Risks
Oil headed for its first back-to-back weekly drop this year as a wider risk-off mood driven by hawkish comments from Federal Reserve policymakers countered sustained tensions in the Middle East.
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