{"id":42180,"date":"2024-06-11T15:55:44","date_gmt":"2024-06-11T15:55:44","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-mixed-ahead-of-fed-meeting-us-inflation-data"},"modified":"2024-06-11T17:05:21","modified_gmt":"2024-06-11T17:05:21","slug":"oil-prices-mixed-ahead-of-fed-meeting-us-inflation-data","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-mixed-ahead-of-fed-meeting-us-inflation-data","title":{"rendered":"Oil prices mixed ahead of Fed meeting, US inflation data"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Oil prices were mixed on Tuesday ahead of the US Federal Reserve (Fed) meeting and inflation data from the world’s largest oil consumer.<\/p>\n

International benchmark Brent crude traded at $81.61 per barrel at 10.27 a.m. local time (0727 GMT), a decrease of 0.02% from the closing price of $81.63 per barrel in the previous trading session.<\/p>\n

The American benchmark West Texas Intermediate (WTI) traded at $77.75 per barrel at the same time, a 0.01% rise from the previous session that closed at $77.74 per barrel.<\/p>\n

The release of US consumer price index data and the conclusion of the Fed’s two-day policy meeting are both scheduled for Wednesday.<\/p>\n

The Fed is widely expected to keep its federal funds rate unchanged in the 5.25%-5.5% target range on Wednesday, while investors will focus on chair Jerome Powell’s comments in the post-meeting news conference.<\/p>\n

The lower probability of an interest rate cut this year put downward pressure on oil prices.<\/p>\n

Market players are also focusing on OPEC’s monthly oil market report due Tuesday, which will give indicators on the market supply-demand balance.<\/p>\n

For More News And Analysis About Mauritius Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Oil prices were mixed on Tuesday ahead of the US Federal Reserve (Fed) meeting and inflation data from the world’s largest oil consumer. International benchmark Brent crude traded at $81.61 per barrel at 10.27 a.m. local time (0727 GMT), a decrease of 0.02% from the closing price of $81.63 per barrel in […]<\/p>\n","protected":false},"author":84,"featured_media":42179,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[2704,241,2705,2825],"class_list":["post-42180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-brent","tag-mauritius","tag-oil","tag-wti"],"yoast_head":"\nOil prices mixed ahead of Fed meeting, US inflation data - Mauritius<\/title>\n<meta name=\"description\" content=\"Oil prices were mixed on Tuesday ahead of the US Federal Reserve (Fed) meeting and inflation data from the world's large ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-mixed-ahead-of-fed-meeting-us-inflation-data\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil prices mixed ahead of Fed meeting, US inflation data\" \/>\n<meta property=\"og:description\" content=\"Oil prices were mixed on Tuesday ahead of the US Federal Reserve (Fed) meeting and inflation data from the world's large ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-mixed-ahead-of-fed-meeting-us-inflation-data\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-11T15:55:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T17:05:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/06\/sm_1718105589.13692.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-mixed-ahead-of-fed-meeting-us-inflation-data#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-mixed-ahead-of-fed-meeting-us-inflation-data\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Oil prices mixed ahead of Fed meeting, US inflation data\",\"datePublished\":\"2024-06-11T15:55:44+00:00\",\"dateModified\":\"2024-06-11T17:05:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-mixed-ahead-of-fed-meeting-us-inflation-data\"},\"wordCount\":197,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-mixed-ahead-of-fed-meeting-us-inflation-data#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/06\/sm_1718105589.13692.jpg\",\"keywords\":[\"Brent\",\"Mauritius\",\"oil\",\"WTI\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-mixed-ahead-of-fed-meeting-us-inflation-data#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-mixed-ahead-of-fed-meeting-us-inflation-data\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-mixed-ahead-of-fed-meeting-us-inflation-data\",\"name\":\"Oil prices mixed ahead of Fed meeting, US inflation data - 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