Oil prices slip as robust supply outweighs Fed cut
Yahoo Finance·2025-09-19 09:25
By Erwin Seba HOUSTON (Reuters) -Oil prices dropped on Friday as worries about large supplies and declining demand outweighed expectations that the year's first interest-rate cut by the U.S. Federal Reserve would trigger more consumption. Brent crude futures settled at 62.68, down 89 cents or 1.4%. Both benchmarks rose for a second consecutive week. "Oil supplies continue to remain robust and OPEC is reducing its ...