Oil Prices Fall As G7, EU Advance Plans To Phase Out Russian Fuel

Oil prices edged lower on Wednesday as traders weighed the US Federal Reserve’s upcoming interest rate decision against supply risks linked to the Russia-Ukraine war. Brent crude fell 0.2% to $68.05 per barrel, while US benchmark West Texas Intermediate (WTI) eased 0.01% to $64.08. The Fed is widely expected to cut rates by 25 basis … Continue reading Oil Prices Fall As G7, EU Advance Plans To Phase Out Russian Fuel