September 20, 2024

Oil Dips Nearly 1%, Reversing Gains After Bearish U.S. Economic Data

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Oil Dips Nearly 1%, Reversing Gains After Bearish U.S. Economic Data

 

Oil prices ended nearly 1% lower, reversing earlier gains as U.S. consumer prices unexpectedly rose in August, giving cover for the U.S. Federal Reserve to deliver another hefty interest rate increase next week.