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Oil Prices Fall as Investors Await US CPI Data and Fed Meeting
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#80409bb8 ver:0.26

Oil prices fell for a third consecutive week as investors awaited US CPI data and the outcome of the Fed meeting. Brent crude settled at $79.62 a barrel, while WTI crude fell to $75.53. The dollar rallied after strong US jobs data, keeping the Fed on track to delay interest rate cuts. Concerns about rising supply and deflated rate cut expectations contributed to the decline. Additionally, disruptions at a Russian refinery and a decline in Chinese crude imports added to the pressure. OPEC's forecast for strong global oil demand in 2024 provided some support. #OilPrices #FedMeeting #USCPI #OPEC...

#newstr #Oil #Opec #GlobalDemand #BrentCrude #WestTexasIntermediate #OutputCuts #WorldBank #FederalReserve #UsConsumerPrices #China #SaudiCrudeExports #UsCrudeOilStockpiles

https://here.news/story/80409bb8?ver=0.26