
Oil prices experienced fluctuations this week, with WTI crude futures initially rising near $78 a barrel and Brent crude above $82. However, prices slipped due to concerns over U.S. economic growth and ample crude supply. The U.S. Federal Reserve's decision to hold off on cutting interest rates contributed to the decline. Brent crude futures fell 14 cents to $82.46 a barrel, while WTI crude futures dropped 16 cents to $78.34. By the end of the week, Brent crude futures were down 43 cents to $82.17 a barrel, and WTI fell 46 cents to $78.04. The market also reacted to a bearish increase in U.S. stockpiles and a cautious outlook on the Fed's rate cut decision. Despite the mid-week dip, oil prices were on track for a weekly gain due to a positive demand outlook. WTI settled at USD 78.45/bbl.






