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Prices for crude oil declined as worries about demand persistedConcerns over the demand outlook undermined the latest EIA report on another week of decline in US commercial crude inventories. |
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Oil market took a dip on Wednesday, 20 March 2024 following the Federal Reserve’s decision to keep the interest rates on a constant note ranging from 5.25% to 5.50%. Concerns over the demand outlook undermined the latest EIA report on another week of decline in US commercial crude inventories.
Brent futures decreased by $1.43 or 1.64% to settle at $85.95/barrel.
WTI fell by $1.79 or 2.14% to settle at $81.68/barrel.
