HeadlinesBriefing favicon HeadlinesBriefing.com

Oil Prices Dip Near 4-Month Highs Before Fed Decision

Wall Street Journal US Business •
×

Oil benchmarks slipped but stayed close to four-month highs on Tuesday as traders awaited the Federal Reserve's interest-rate decision. Despite the slight decline, prices remained elevated due to ongoing supply concerns in the Middle East. Recent disruptions and Houthi advances in the region have kept supply risks elevated, supporting price levels even as the market edged lower ahead of the Fed announcement.