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Crude Slipping as Fed's Williams Talks Down Rate Cuts

OIL

Crude dipping on Fed’s Williams headlines suggesting “premature” to be thinking of March rate cuts.

  • Indications of rate cuts next year from the Fed on Wednesday helped to drive the recent oil rally as it eased tighter policy sentiment and softened the dollar.
  • Further Red Sea vessel attacks have failed to provide much upside for oil with no signs of diversion around Africa yet.
  • FED'S WILLIAMS: IT'S PREMATURE TO EVEN BE THINKING ABOUT TIMING OF RATE CUTS - Reuters
  • *WILLIAMS: 'PREMATURE' TO BE THINKING ABOUT MARCH RATE CUT - BBG
  • FED'S WILLIAMS: RATE CUT ISSUE IS NOT MAIN QUESTION BEFORE FED - RTRS
  • FED'S WILLIAMS: FED NEEDS TO FOCUS ON OBJECTIVES, NOT MARKET VIEWS – RTRS
  • Brent FEB 24 down 0% at 76.59$/bbl
  • WTI JAN 24 unchanged at 71.58$/bbl
Energy BulletsCommodities
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