Oil prices flat on Fed decision to keep rates unchanged, US inventory data [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Oil prices flat on Fed decision to keep rates unchanged, US inventory data Jason Reed | Reuters Oil prices were little changed on Wednesday after the Federal Reserve said that the central bank will keep interest rates steady. Federal Reserve Chair Jerome Powell said rates will remain the same and indicated there are still no cuts coming in 2019 Government data showed U.S. crude inventories fell more than expected, while the prospect of a trade deal between Washington and Beijing also supported prices. Brent crude futures U.S. West Texas Intermediate crude After weeks of swelling, U.S. crude stocks fell by 3.1 million barrels in the last week compared with analysts' expectations for a draw of 1.1 million barrels, the Information Administration said. "Even with the bullish report, after the big run-up yesterday, the market is hesitant to drive a lot higher," said Phil Flynn, analyst at Price Futures Group in Chicago. Oil supply was drawn down more than expected but the bigger story in
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