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Oil prices edge up, US dollar down ahead of Fed meeting
December 12th, 2023 - 09:30 GMT

Oil prices edge up, US dollar down ahead of Fed meeting

ALBAWABA – Oil prices ticked up on Tuesday as the US dollar slipped ahead of the United States (US) Federal Reserve (Fed) meeting and the release of the Consumer Price Index (CPI) data. Brent crude futures for February were up $0.47, or 0.6 percent, at $76.50 a barrel, Reuters reported, and West Texas Intermediate (WTI) crude futures for January gained $0.50, or 0.7 percent, to $71.82. Meanwhile, treasury yields were ...
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