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 Dollar's Dominance Under Scrutiny: Morgan Stanley's Perspective READ MORE Gold & Silver Mining Stocks Exposed: Long-Term Reality Revealed READ MORE Cash-Strapped Pakistan to Introduce New Series of Currency Notes READ MORE Fed's Emergency Loan Program Sees Crucial Rate Hike READ MORE Price Inflation Accelerates for Second Month as Biden Blames “Greed” READ MORE Add a Comment Cancel replyYour email address will not be published.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