Oil gives up US Fed rate cut gains, sheds 3% on OPEC+ December output hike bets; Brent drops to /bbl | Stock Market News

Oil gives up US Fed rate cut gains, sheds 3% on OPEC+ December output hike bets; Brent drops to $71/bbl | Stock Market News

Source: Live Mint International crude oil prices reversed their gains picked after the US Federal Reserve’s supersized interest rate cut and dropped over three per cent on Thursday, September 26, on a media report that Saudi Arabia, the world’s top crude exporter, will give up its price target in preparation for raising output. Brent crude…

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