Oil falls on uncertainty over fuel demand recovery

May 20 (Reuters) – Oil prices fell on Friday as investors worried that weakening global economic growth and tighter central bank monetary policy could curb a recovery in fuel demand. Brent futures for July fell 59 cents, or 0.53%, to $111.45 a barrel by 0648 GMT, while U.S. West Texas Intermediate (WTI) crude for June […]
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Euro zone yields climb after ECB’s Knot signals 50-bp hike possible

May 17 (Reuters) – Euro zone government bond yields extended their rise while money markets ramped up rate-hike expectations on Tuesday, after European Central Bank official Klaas Knot signalled a 50-basis-point rate increase was possible in July. Meanwhile, investors turned to risky assets away from safe-haven bonds on optimism about an easing in China’s crackdowns […]
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Worsening global risk sentiment knocks sterling

LONDON, May 16 (Reuters) – Sterling fell on Monday as weak Chinese economic data added pressure on risky currencies, while investors scaled down their expectations for Bank of England interest rate rises this year. Risk-sensitive sterling has fallen 10% against the dollar this year as the war in Ukraine, rising inflation, poor domestic economic growth […]
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