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Oil prices retreat from 1-year high alongside global market selloff

Futures in New York fell as much as 0.9 per cent on Thursday with US equities weakening amid concerns that markets could soon face accelerating inflation

Topics
Crude Oil Price | Oil Prices | Oil production

Bloomberg 



oil, prices, crude
“Oil has had an incredible run,” so prices were due for a correction, said Phil Streible, chief market strategist at Blue Line Futures LLC in Chicago

Oil edged lower as crude’s rally on a tightening global supply outlook lost some momentum amid a broader market decline.

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First Published: Fri, February 26 2021. 01:47 IST

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