TELETRADER News
1/31, 11:50 AM
(Source: TeleTrader)
Oil slips with OPEC meeting, Fed policy in sight
Crude oil prices for future contracts decreased on Tuesday as the United States Federal Reserve's decision on fresh rate hikes draws near.
Meanwhile, the next meeting of the Organization of the Petroleum Exporting Countries (OPEC), including Russia which yesterday discussed ensuring the stability of the global oil markets with Saudi Arabia, is also scheduled for tomorrow, with topics concerning the economic outlook and possible policy adjustments still on the table.
West Texas Intermediate (WTI) for settlements in March fell by 1.45% at 5:33 am ET to sell for $76.79 per barrel. Brent for the same month's deliveries dipped by 1.30% to go for $83.86 per barrel concurrently.