LATEST CRUDE OIL NEWS UPDATE| ENERGY NEWS| NEWS BY MCXGOAL| Trade Tips| Trade with Mcx Goal| https://www.mcxgoal.com/| 9557016700

Oil steady as clarity on Fed rate hike awaited.

Oil prices were little changed on Tuesday, giving up some of the gains from the previous session, as traders awaited clarity on the Federal Reserve’s plans for rate hikes to gauge the impact on the economy and fuel demand.

Fed policymakers say fresh inflation data out later this week will help them decide whether they can slow the pace of interest rate hikes at their upcoming meeting, to just a quarter point increase instead of the larger jumps they used for most of 2022.

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