Oil falls on demand concerns after Fed signals slower easing ahead
Oil prices dipped in early Thursday trading as the U.S. Federal Reserve signaled a slower pace of interest rate cuts in 2025, potentially curbing fuel demand. Brent crude fell to $73.06 a barrel, while U.S. West Texas Intermediate crude dropped to $70.22. This decline reversed some gains from Wednesday, driven by falling U.S.
Oil prices dipped in early Thursday trading as the U.S. Federal Reserve signaled a slower pace of interest rate cuts in 2025, potentially curbing fuel demand. Brent crude fell to $73.06 a barrel, while U.S. West Texas Intermediate crude dropped to $70.22. This decline reversed some gains from Wednesday, driven by falling U.S.
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