Oil, Equity Futures Lower Early as FOMC Meeting Begins
Oil futures and Brent crude followed equities lower in early morning trade Tuesday, sending the front-month West Texas Intermediate crude contract below $84 bbl.
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Oil futures and Brent crude followed equities lower in early morning trade Tuesday, sending the front-month West Texas Intermediate crude contract below $84 bbl.
Oil futures and Brent crude moved higher in early trading on the first day of November following reports indicating OPEC and Russia-led partners intend to wave through a planned production increase of 400,000 bpd next month.
Nearby delivery-month oil futures on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange settled Monday's session modestly higher.
Oil futures on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange turned mixed in early trade Friday.
Oil futures and Brent crude extended heavy losses into early trade Thursday, sending the front-month West Texas Intermediate contract below $82 per barrel.