Oil prices rise over 1% amid mixed performance in Asian markets
TSM Taiwan Semiconductor Manufacturing ADR
$445.12 +0.17%
View chart & analysis → - 1New York Fed President John Williams said his view remains unchanged that one more interest rate hike could be appropriate.
- 2With inflation pressures exceeding central bank targets for over five years, the market is pricing in about a one-quarter probability of a Fed rate hike.
- 3Oil prices rose more than 1% following attacks on Iran's Strait of Hormuz and Houthi rebel attacks on Saudi Arabia.
So what's the key point?
Oil prices rose more than 1% following news of attacks in the Middle East. Market conditions have become complex as the possibility of interest rate hikes remains.
Source AFP · View original ↗
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