Oil Prices Decline with Biden's Withdrawal and Fed Rate Cut Prospects Oil prices fell on Monday following President Joe Biden’s announcement that he will not seek re-election. Brent crude and U.S. West Texas Intermediate crude futures both saw declines, with market analysts suggesting that the potential for rate cuts could impact oil demand. Despite Biden’s exit not being a major factor for oil markets, the broader economic implications of high interest rates and potential recession risks continue to weigh on investor sentiment. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold and Copper Shine Bright: The Start of a Prolonged Bull Market READ MORE China Pledges Response to Biden Administration’s Expanded Tariffs READ MORE Bernankenomics: The Great American Crash Is Almost Here READ MORE How Much is My Gold or Silver Worth? READ MORE Currency Heat Map Provides Insight into Forex Market Dynamics READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment