Oil prices fall as Fed moves carefully on rate cuts, U.S. pushes for pause in Gaza war
Publishing timestamp: 2024-02-05 12:35:14
Summary
Oil prices fell as the Federal Reserve indicated it is unlikely to slash rates in March and the U.S. seeks a truce in Gaza. The stronger dollar and reduced expectations for rate cuts overshadowed geopolitical risks. Oil traders are closely watching the situation in the Middle East and the potential impact on crude supplies.
Sentiment: MIXED
Keywords: government and politics, business news, oil and gas, wti crude (mar'23), united states, jerome powell, ice brent crude (apr'23), israel, energy,
Source: https://www.cnbc.com/2024/02/05/crude-oil-prices-today.html