Markets

Oil prices finish lower with concerns of an economic slowdown raising prospects for a supply surplus

1 Mins read

Oil futures gave up early gains on Wednesday, extending their losses into a third consecutive session as concerns over an economic slowdown boosted prospects for a surplus in crude supplies.

Prices turned lower shortly after the Federal Reserve said it would leave its benchmark fed funds rate unchanged, but also left open the option for further interest-rate hikes.

A…

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