Fed's Hesitation on Rate Cuts Sends Oil Markets Downward Oil prices took a hit, falling over 2% as the Federal Reserve hinted at delaying interest rate cuts. With Brent crude futures tumbling down to $81.78 a barrel and U.S. West Texas Intermediate crude also taking a significant dip to $76.73, the oil market is bracing for a weekly downturn. Despite this week’s fall, with Brent facing a 2% decrease and the U.S. benchmark poised for a 3% drop, there’s a glimmer of hope. Signs of robust fuel demand coupled with looming supply concerns hint at a potential rebound in oil prices, offering a silver lining in the cloudy market scenario. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts ‘Brothers Forever’: Putin, Xi Agree That Deepened Ties Project Stability Against West’s ‘Unilateral Hegemony’ READ MORE Fed Minutes: Patience Prevails as Officials Await Clearer Inflation Trend READ MORE Opinion: Cutting interest rates is misguided – the easy money would only fuel inflation READ MORE Bank Of America Sees Gold At $3,000, Warns Of A Copper Supply Crisis: Metals ‘Dance To Their Own Tune’ READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
