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 What’s next for gold? READ MORE Gold Trades at Record Highs, But Will It Lose Its Shine? READ MORE Fed Is ‘Not Far’ From Confidence Needed to Cut Rates, Powell Says READ MORE Powell says conditions needed to cut rates likely to take longer to appear READ MORE Markets underestimate risk of inflation re-accelerating, says PIMCO READ MORE Add a Comment Cancel replyYour email address will not be published.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