Oil Prices Stay Stable Amid Demand Worries and US Rate Cut

Reported about 4 hours ago

Oil prices remained relatively unchanged after a Federal Reserve interest rate cut, as concerns over U.S. fuel demand overshadowed the potential for increased consumption due to lower borrowing costs. Brent crude and U.S. West Texas Intermediate futures saw minor declines, while stockpile increases and negative labor market signals contributed to the uncertainty surrounding oil demand.

Source: YAHOO

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