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شبكة راية الإعلامية
Oil drops while dollar rises
Oil prices declined yesterday, Wednesday, following an unexpected increase in U.S. crude oil inventories. Brent crude fell to $107.82 per barrel, and West Texas Intermediate (WTI) dropped to $104.86, amid concerns over Saudi supply after an attack on a pipeline. Meanwhile, the dollar strengthened as expectations rose for a potential interest rate hike in the U.S., with the likelihood of a rate increase now estimated at 90%. Gold prices held steady at their pre-Federal Reserve decision levels, with a slight decline in spot transactions and futures contracts.
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