Oil Prices Drop Ahead of Fed Meeting and Iran's Nuclear Deal Possibility
TL;DR Summary
Oil prices fell below $70 for WTI and $74 for Brent due to concerns over a potential interest rate hike by the U.S. Federal Reserve. Goldman Sachs revised down its price outlook for crude oil for the rest of the year, citing weaker demand and higher supply from Russia, Iran, and Venezuela. OPEC+ production adjustments were made to address uncertainties and sentiment in the oil market.
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- Oil slides as Iran floats possibility of nuclear deal By Investing.com Investing.com
- Crude Oil Forecast: Continues to See a Lot of Noisy Behavior DailyForex.com
- Oil Updates — crude prices fall over 1% ahead of US Fed rate decision Arab News
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