CRUDE SUMMARY: Market correction extended on fears of inflation, policy rate hikes, US oversupply concerns

摘要

LONDON (ICIS) --- Both Brent and WTI futures opened well into negative territory on Friday, as the market underwent a correction despite bullish hopes for higher prices. Expectations of policy rate hikes by the US Federal Reserve and other central banks sparked a massive sell-off in global equity markets, partly dragging commodities down in its wake.