Oil Prices Waver Amid Economic Uncertainty and Interest Rate Speculation Oil prices experienced volatility, finding some stability through technical support despite a general trend of risk aversion in broader financial markets. West Texas Intermediate (WTI) oil saw a minor decline of 0.4%, dropping below $79 per barrel amidst market fluctuations influenced by mixed economic signals and anticipation of Federal Reserve Chair Jerome Powell’s congressional testimony. The crude oil market found a semblance of support around its 200-day moving average, which acted as a barrier against further drops. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gundlach's Investment Strategy: Cash and Gold in a Volatile Market READ MORE Expect Higher Interest Rates Through the End of 2024. Fed Blames ‘Lack of Progress’ on Inflation READ MORE Nasdaq and S&P 500 Continue to Climb, Celebrating Stellar February READ MORE IMF Cautions Against Premature Rate Cuts by Central Banks READ MORE Add a Comment Cancel replyYour email address will not be published.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
