Oil Falls on Growing Prospects of Delaying U.S. Interest Rate Cuts

  • International
  • 28 February 2024
1

Oil prices fell in Asia on Wednesday, as the prospect of a delay in U.S. interest rate cuts and rising U.S. crude inventories overshadowed support on Tuesday from news that OPEC Plus may extend production cuts.

Brent crude futures were down 30 cents, or 0.36 percent, at $83.35 a barrel by 03:02 GMT. U.S. West Texas Intermediate crude futures fell 28 cents to $78.59 a barrel.

Source (Al-Arabiya.net Website, Edited)

 

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