Oil Prices Slide as Fed Signals Longer High Rate Environment Oil prices dropped by more than $1 on Tuesday as concerns over prolonged high U.S. interest rates, driven by persistent inflation, led to fears of weakened consumer and industrial demand. Brent crude fell to $82.17 a barrel, and U.S. West Texas Intermediate (WTI) slipped to $78.31 for June. The more active July contract also decreased. The decline follows statements from Federal Reserve officials indicating that more signs of slowing inflation are needed before considering rate cuts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Ticking Debt Bomb: How to Safeguard Your Investments from the Inevitable READ MORE Yukon Government Seeks Control of Victoria Gold After Mine Disaster READ MORE Gold Recycling Rises in India During Wedding Season Amid High Prices READ MORE TSX Breaks Losing Streak as Materials and Energy Sectors Surge READ MORE Assassination of Hamas Chief in Iran Raises Middle East War Fears READ MORE Add a Comment Cancel replyYour email address will not be published.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