Futures Movers: Oil futures rise ahead of Fed decision, inventory data

Oil futures rose early Wednesday, turning positive for the week as investors awaited official data on U.S. petroleum inventories and a Federal Reserve interest rate decision.

Price action

Market drivers

Crude prices were rebounding for a second day after a Monday rout that saw Brent crude log its lowest finish since December 2021 and pulled WTI below the $70-a-barrel threshold.

The…

This post was originally published on Market Watch

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