Oil prices were roughly unchanged on Monday as investors weighed the prospect of tighter supplies against concerns about weakening global growth.
In global financial markets, the closely watched U.S.Despite expectations that thecould slow down rate hikes because of the recent banking crisis, borrowing costs could still climb if inflation remains strong, analysts said.
ING expects the rate hike cycle to end soon with one more increase in May while interest rates could fall towards the end of the year, Patterson said.Sharp rate hikes have boosted the greenback, making dollar-denominated commodities such as oil more expensive for investors holding other currencies.
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