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 S&P 500 Nears Record High, Metals Shine Amid Dollar Dip READ MORE Oil Markets React to Missile Strike in Damascus Sparks Fear READ MORE Japan's GPIF Explores Diversification into Forests, Gold, and Bitcoin READ MORE Turkey Leads Central Banks in January Gold Purchases READ MORE Vietnam Sees Stores Packed with Gold Traders READ MORE Add a Comment Cancel replyYour email address will not be published.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