Oil Slips as Fed Dashes Hopes of Consecutive Rate Cuts
August 02, 2019 at 08:00 AM EDT
Following the interest rate cut of 25 basis points by the Federal Reserve, oil began by falling below $65 a barrel on Thursday, and fell for the first time in six days. For the markets hoping that future rate cuts could be on the way, Powell dashed their hopes by saying it wasn’t the trend,...