Crude oil prices stayed subdued on Tuesday, amid growing anticipation of central bank rate hikes to curb soaring inflation levels that could stall global growth. The US Federal Reserve and other central banks from Europe to Asia are expected to tighten further. Broad dollar strength near two decade highs ahead of Federal policy meeting also weighed on the commodity as a stronger greenback makes dollar-denominated commodities more expensive to holders of other currencies. WTI crude oil futures were quoting marginally up at $85.42 per barrel.Powered by Commodity Insights
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