Oil prices steady as traders wait for more insight on when Fed might cut rates
Publishing timestamp: 2024-02-21 11:13:31
Summary
Crude oil futures were little changed as market waits for further indication of when Federal Reserve might cut interest rates. Tensions in the Middle East continue to simmer, with various conflicts and talks ongoing. Market has pushed back expectations for Fed rate cuts, with first cut now generally expected in June. Various oil companies are in the news for different reasons, including potential takeover targets and earnings reports.
Sentiment: MIXED
Keywords: ice brent crude (apr'23), investment strategy, markets, breaking news: markets, wti crude (mar'23), oil and gas, business news,
Source: https://www.cnbc.com/2024/02/21/crude-oil-prices-today.html