Oil Prices Waver Amid Economic Uncertainty and Interest Rate Speculation Oil prices experienced volatility, finding some stability through technical support despite a general trend of risk aversion in broader financial markets. West Texas Intermediate (WTI) oil saw a minor decline of 0.4%, dropping below $79 per barrel amidst market fluctuations influenced by mixed economic signals and anticipation of Federal Reserve Chair Jerome Powell’s congressional testimony. The crude oil market found a semblance of support around its 200-day moving average, which acted as a barrier against further drops. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Asset that Soared 100X Past Gold READ MORE Job Market Reality Check: BLS Set to Erase Up to a Million Jobs from 2023-2024 Estimates READ MORE Supreme Court Boosts Dollar Outlook with Trump Immunity Ruling READ MORE 2023 Market Performance: A Review of Asset Class Returns READ MORE Gold Set for a Great 2024, with Silver to Shine Even Brighter: UBS Insights READ MORE Add a Comment Cancel replyYour email address will not be published.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