# Oil prices slide 1% after U.S. Fed raises interest rates

> Oil prices fell about 1% to a near two-week low after the Federal Reserve raised its target rate by 75 basis points to 3.00-3.25% and signalled more large increases. Risk assets fell and the dollar rallied on the news.

- Date: 2022-09-21 · published 2022-09-21T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/39490-oil-prices-slide-1-after-u-s-fed-raises-interest-rates
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Tighter US monetary policy raises the risk of weaker economic activity and fuel demand, pressuring crude prices. Higher crude also feeds into biofuel and feed-freight costs.

## Read by commodity

- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-12-04 | [Oil falls over 3% after data raises Fed interest rate worries \| Reuters](https://feedsoft.ai/events/38137-oil-falls-over-3-after-data-raises-fed-interest-rate-worries-reuters.md) | -11.1% | -3.8% |
| WTI | 2023-09-20 | [Oil prices ease 1% after US Fed warns of higher rates for longer](https://feedsoft.ai/events/34005-oil-prices-ease-1-after-us-fed-warns-of-higher-rates-for-longer.md) | -0.1% | -5.0% |
| WTI | 2022-12-15 | [Oil prices slid 2% as dollar firms and central banks hike interest rates](https://feedsoft.ai/events/38152-oil-prices-slid-2-as-dollar-firms-and-central-banks-hike-interest-rates.md) | +1.3% | +3.5% |
| WTI | 2023-02-27 | [Oil futures slip 1% on worries about more U.S. interest rate hikes \| Reuters](https://feedsoft.ai/events/37486-oil-futures-slip-1-on-worries-about-more-u-s-interest-rate-hikes-reuters.md) | +4.5% | -9.2% |
| WTI | 2024-09-18 | [Crude oil prices today: WTI, Brent lower as Fed cuts rates](https://feedsoft.ai/events/28216-crude-oil-prices-today-wti-brent-lower-as-fed-cuts-rates.md) | +0.3% | -1.2% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-extend-losses-fears-aggressive-fed-rate-hike-will-curb-demand-2022-09-21/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.