Reported about 3 hours ago
Oil prices have eased after a three-day increase as traders reacted to new US stockpile data and anticipated a Federal Reserve interest rate decision. West Texas Intermediate is around $64 per barrel following a 3.4% rise in previous sessions. A drop in crude inventories was offset by a significant increase in distillate stocks, contributing to a bearish sentiment. Market analysts are now focused on the Fed's upcoming move regarding interest rates, which is expected to impact future trading.
Source: YAHOO