Oil prices slip as high interest rate outlook outweighs tight supply
Tuesday, 26 September 2023 Oil prices declined due to concerns about lower fuel demand caused by central banks keeping interest rates high. Brent crude futures dropped to $92.91 a barrel, while US West Texas Intermediate crude futures fell to $89.34. The US Federal Reserve and the European Central Bank have both expressed their commitment to fighting inflation, which could lead to longer-lasting tight policies and slower economic growth.
Federal Reserve , Announces Pause On Rate Hikes , Amid Easing Inflation.
On September 20, the Federal Reserve paused its string
of interest rate hikes as it waits to see if its efforts
over the past..
Credit: Wibbitz Top Stories Duration: 01:31Published
US Consumers , Optimistic Despite , Rising Gas Prices.
CNN reports that American consumers
remain optimistic that inflation is easing,
despite rising gas prices.
CNN reports that American..
Credit: Wibbitz Top Stories Duration: 01:31Published
Tuesday, 26 September 2023
![Federal Reserve Announces Pause On Rate Hikes Amid Easing Inflation [Video]](https://video.newsserve.net/300/v/20230920/1358209668-Federal-Reserve-Announces-Pause-On-Rate-Hikes-Amid.jpg)
![US Consumers Optimistic Despite Rising Gas Prices [Video]](https://video.newsserve.net/300/v/20230915/1358031618-US-Consumers-Optimistic-Despite-Rising-Gas-Prices.jpg)
![Oil prices hit nine-month high as supply concerns mount [Video]](https://video.newsserve.net/300/v/20230911/1694463347-Oil-prices-hit-nine-month-high-as-supply.jpg)
