The upcoming Federal Reserve decision puts pressure on oil prices again

central american The data inflation The new ones, released later this week, will help them decide whether they can slow the pace of rate hikes at their next meeting to a quarter of a percentage point instead of raising them more aggressively, as they have done for most of last year. year.

price movements

At 05:00 GMT, crude oil futures were down Brent March delivered 49 cents, or 0.6%, to $79.16 a barrel, and West Texas Intermediate crude futures fell 39 cents, or 0.5%, to $74.24 a barrel, according to the data. "Reuters".

Both benchmarks rose 1% on Monday after China opened its borders over the weekend for the first time in three years.

A preliminary poll conducted by Reuters on Monday revealed a decline is likely US crude inventories 2.4 million barrels, while distillate inventories will decrease slightly.

And declare American Petroleum Institute US crude inventories data as of 4.30am local time (2030 GMT) on Tuesday.

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Monetary policy makers say central american The data inflation The new ones, released later this week, will help them decide whether they can slow the pace of rate hikes at their next meeting to a quarter of a percentage point instead of raising them more aggressively, as they have done for most of last year. year.

price movements

At 05:00 GMT, crude oil futures were down Brent March delivery was 49 cents, or 0.6%, at $79.16 a barrel, and West Texas Intermediate crude futures were down 39 cents, or 0.5%, at $74.24 per barrel, according to Reuters data.

Both benchmarks rose 1% on Monday after China opened its borders over the weekend for the first time in three years.

A preliminary poll conducted by Reuters on Monday revealed a decline is likely US crude inventories 2.4 million barrels, while distillate inventories will decrease slightly.

And declare American Petroleum Institute US crude inventories data as of 4.30am local time (2030 GMT) on Tuesday.