Source: Yahoo! News
“Oil prices stabilised on Monday as ongoing disruption to U.S. Gulf oil infrastructure balanced persistent demand concerns after a fresh round of Chinese data while investors await news on U.S. interest rates this week. Brent crude futures for November were up 23 cents, or 0.32%, at $71.84 a barrel by 0934 GMT. U.S. crude futures for October were up 32 cents, or 0.47%, at $68. The market is likely to remain cautious until the Federal Reserve makes its interest rate decision on Wednesday, said Phillip Nova analyst Priyanka Sachdeva, adding that prices are still supported by some supply worries given that some capacity remains offline in the Gulf of Mexico.” (09/16/24)
https://finance.yahoo.com/news/oil-prices-inch-fed-rate-004806373.html