Oil steady as Mideast strikes compete with rate cuts caution
Mon, Feb 5, 2024 8:52 PM

Oil steady as Mideast strikes compete with rate cuts caution

A Flip by Shubhangi Gupta
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Oil prices remained stable on Monday despite drops last week due to tensions in the Middle East and a strong U.S. job report. Brent and WTI futures were down slightly, with both benchmarks seeing a 7% decrease at the end of last week. The U.S. Federal Reserve may delay interest rate cuts after a positive jobs report, which could affect market expectations.

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