WTI Oil: Oil price eases on growth concerns and China lockdowns but still lacking clear direction

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WTI Oil: Oil price eases on growth concerns and China lockdowns but still lacking clear direction

WTI oil edges lower on Friday, pressured by prospects of weaker global growth and higher interest rates, as the International Monetary Fund cut its global economic growth forecast and Fed Chair Powell signaled that half percentage point rate increase will be on the table in central bank's next policy meeting in May. New Covid lockdowns […]

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Source: WTI Oil: Oil price eases on growth concerns and China lockdowns but still lacking clear direction