Oil Prices Drop Amid Delay in US Rate Cuts
On Friday, oil prices fell nearly 3% after a Federal Reserve official suggested interest rates might not be reduced for at least another two months. Brent crude futures went down $2.05, reaching $81.62 a barrel. Similarly, U.S. West Texas Intermediate (WTI) futures decreased by $2.12, landing at $76.49. Throughout the week, Brent's value dropped about […]