Oil prices slipped despite tensions rising in the Middle East as Israel sent ground forces into Gaza, with Brent down 1.06% at $89.52 per barrel and US West Texas Intermediate futures declining 1.16% to $84.55 per barrel. The market had already priced in the incursion, and investors are focusing on the US Federal Reserve’s monetary policy meeting later this week. The Fed is expected to leave rates unchanged, and the US economy grew faster than expected at a 4.9% annual pace in Q3. The conflict in the Middle East raises concerns of potential supply disruptions and a wider regional war.
Balanced News: Sample Page Title
Our 'quick read' news summary
Read different perspectives from these news sources
Searching for related articles, please check back here later!
More top reads from Balanced News Summary
- Advertisment -