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Oil’s Run of Gains Cools With Focus on US Stockpiles, Fed Cut
Yahoo Finance·2025-09-18 03:18

Oil eased after a three-session advance as traders assessed fresh US stockpile data and a Federal Reserve interest-rate cut. West Texas Intermediate fell 0.7% to settle above $64 a barrel after the Federal Reserve lowered its benchmark interest rate by a quarter percentage point and penciled in two more reductions this year. Although lower rates typically boost energy demand, investors focused on policymakers’ warnings of mounting labor market weakness. Most Read from Bloomberg Traders had also mostly ...