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Oil dips as US Fed dampens mood on interest rate cuts

LONDON :Oil prices fell on Monday after a U.S. Federal Reserve official suggested inflation data in the world's biggest oil consumer was not sufficiently convincing to lower borrowing costs. Brent crude was down 50 cents, or 0.6 per cent, at $83.48 a barrel by 1321 GMT. The U.S. West Texas Intermediate (WTI)
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Europe Roundup: Sterling on track for weekly gain ahead of UK inflation data , European shares fall , Gold gains, Oil heads for weekly gain on hopes of firmer demand-May 17th,2024

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.
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