NYSE Updates

Oil prices pull back from 3-month highs ahead of Fed decision

Oil futures fell early Wednesday as investors awaited a Federal Reserve policy decision and official data on U.S. inventories of crude and petroleum products.

Price action

Market drivers

Both WTI and Brent ended Tuesday at their highest since April 18 and have scored four straight weekly gains, buoyed by expectations the physical market will be moving into deficit in the second half of the year. Supply cuts by Saudi Arabia and Russia have contributed to the positive tone.


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