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Crude Oil Plunges Amid Saudi's STS Transfers Via Oman, Fed's Interest Rate Decision
Source: Nasdaq
Energy Markets & PricesMonetary PolicyInterest Rates & YieldsTransportation & Logistics
Crude oil prices plunged on Wednesday, partially reversing a sharp two-session rally, as investors assessed the U.S. Federal Reserve's interest-rate announcement. Reports that Saudi Arabia was loading crude cargoes via Oman added supply and logistics-related pressure to oil prices.
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