Oil Pares Recent Gains After Fed Interest-Rate Move

Dow Jones
2 hours ago

Brent crude, the international benchmark for oil, fell 2.7% to $105.83 a barrel Wednesday. The downturn ends a two-day winning streak.

The decline comes as the Fed decided to hike interest rates by a quarter point to between 3.75% and 4%. The increase was approved unanimously.

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