Steeper Fed Rate Cut Fails to Support Oil Amid Weak Demand

Oil prices edged lower as signs of weak US demand outweighed rising tensions in the Middle East and a steeper-than-expected Federal Reserve rate cut.

Sep 19, 2024 - 04:00
Steeper Fed Rate Cut Fails to Support Oil Amid Weak Demand
Oil prices edged lower as signs of weak US demand outweighed rising tensions in the Middle East and a steeper-than-expected Federal Reserve rate cut.

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