(Bloomberg) -- Oil extended losses on signs the Federal Reserve may hold interest rates higher for longer, which could weigh on energy demand.Most Read from ...
-- Oil extended losses on signs the Federal Reserve may hold interest rates higher for longer, which could weigh on energy demand . West Texas Intermediate fell for a fourth session to trade near $77 a barrel, while Brent settled at a three-month low on Wednesday. Fed minutes from a meeting earlier this month showed a hawkish stance from officials. That adds another bearish element to an oil market signaling weakness.
Traders are looking ahead to an upcoming OPEC+ meeting on June 1, with the group largely expected to extend current production cuts.Are you looking for growth in a recovering market? Then it could be time to get out of these stocks and consider another instead. The post 2 Stocks I’d Buy in 2024 appeared first on The Motley Fool Canada.Investing.
-- The Philippine central bank warned it will intervene in the currency market after the peso dropped past the key 58-per-dollar level.
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West Texas Intermediate Federal Reserve OPEC Fed Minutes Energy Demand
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