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 Risk of a global recession is minimal, IMF economist says — would take ‘a lot to derail’ READ MORE More Americans are falling behind on credit card bills READ MORE Why the Fed looks likely to scramble back to a hawkish stance READ MORE Fed's Rate Cut Hesitation: Inflation Concerns and Economic Uncertainties Dominate READ MORE Add a Comment Cancel replyYour email address will not be published.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
