Oil Prices Show Volatility Amid Mixed Economic Signals
Crude oil futures fluctuate as traders react to Federal Reserve's stance on interest rates and upcoming OPEC+ meeting.
- Oil prices rebounded slightly after a three-day decline but remain on track for a weekly loss.
- U.S. crude and Brent crude futures both fell to their lowest levels in three months earlier this week.
- Federal Reserve's indication of prolonged high interest rates raises concerns about future oil demand.
- U.S. crude inventories rose unexpectedly, adding to market pressure.
- OPEC+ is expected to maintain production cuts in its upcoming meeting.