Commodities

Oil Futures Settle Lower On Aggressive Rate Hike Fears

Crude oil snapped a three-session winning streak and ended lower on Tuesday after hotter-than-expected U.S. inflation data raised concerns the Fed will aggressively hike interest rate at its upcoming policy meeting next week.

West Texas Intermediate Crude oil futures for October ended lower by $0.47 or about o.5% at $87.31 a barrel, coming off a high of $89.31 a barrel.

Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe Now
Already subscribed? Sign in

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

More Commodities