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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.
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