Oil Edges Lower After Four-Day Climb With Fed Decision in Focus
07/26/2023 07:47
Oil edged lower after a four-day rally of almost 6% as traders took stock of the advance and looked toward a US interest-rate decision.
Oil edged lower after a four-day rally of almost 6% as traders took stock of the advance and looked toward a US interest-rate decision.
West Texas Intermediate traded near $79 a barrel after closing at the highest level since mid-April. The gains have been fueled by signs that the global market is starting to tighten, and moves by China’s leadership revive growth in the world’s largest crude importer after its recovery faltered.