Oil prices slid about 1% as strong U.S. economic data had investors bracing for more interest rate hikes from the U.S. Federal Reserve to fight inflation, which could slow economic growth and oil demand.
Meanwhile, rubber prices extended their decline and iron ore prices eased from 8-month high.
#crudeoil #crudeoilprices #rubberprices #ironoreprices #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday
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