Oil falls as Fed interest rate outlook stokes demand fears
Brent crude futures fell 64 cents, or 0.7%, to $83.07 a barrel by 0845 GMT. U.S. West Texas Intermediate crude (WTI) slipped by 64 cents, or 0.8%, to $79.16.
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Brent crude futures fell 64 cents, or 0.7%, to $83.07 a barrel by 0845 GMT. U.S. West Texas Intermediate crude (WTI) slipped by 64 cents, or 0.8%, to $79.16.
Stocks fell and the dollar remained strong as investors awaited Fed minutes to gauge interest rate cut timing. Gold and crude oil prices declined. Cryptocurrencies bitcoin and ether surged on speculation of SEC approval of an ether ETF. Fed officials remained cautious despite easing inflation data.
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U.S. stocks steady as Fed policy caution weighs, Nvidia results awaited
WASHINGTON (dpa-AFX) - Gold slipped from record highs touched the previous day after U.S. Federal Reserve officials tempered investor enthusiasm about potential interest-rate cuts.Spot gold dipped