"US Fed Governor Signals Caution on Interest Rate Cuts Amid Inflation Concerns"
TL;DR Summary
Oil prices fell after a U.S. Federal Reserve official suggested delaying interest rate cuts, with Brent crude futures down 0.5% at $83.29 a barrel and U.S. West Texas Intermediate crude futures 0.5% lower at $78.21. Concerns over supplies and healthy demand could support prices, as U.S. crude oil inventories rose less than expected and refinery run rates may increase. The Fed governor's comments on delaying rate cuts and geopolitical tensions in the Middle East influenced oil benchmarks, while JPMorgan's high frequency demand indicators show rising oil demand.
- Oil falls after US Fed governor says no rush to cut interest rates Reuters
- Fed's Waller wants more evidence inflation is cooling before cutting interest rates CNBC
- Fed's Jefferson, Cook Bolster Case for Cautious Approach to Interest-Rate Cuts Bloomberg
- Fed Minutes: Stock Prices Becoming An Inflation Threat; S&P 500 Rises Investor's Business Daily
- Rate Cuts and Soft Landing Are Coming, Fed Vice Chair Jefferson Says Barron's
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