Crude oil prices paused overnight rally in early Asia on Tuesday amid resurfacing demand concerns as global inflation worries increased bets of interest rate hikes by major central bankers. Inflation is near double-digit territory in many of the worlds biggest economies, a level not seen in close to a half century, and investors are concerned that more aggressive interest rate hikes will follow from the United States and Europe. WTO crude oil prices are quoting lower by 0.44% at $96.59 after registering a more than 4% rise in the previous session. Powered by Commodity Insights
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