Oil prices reversed earlier gains to trade lower on Wednesday amid concerns about the outlook for global growth and energy demand.
As inflation concerns mount, traders await a key U.S. inflation reading that could reinforce the case for a Federal Reserve interest rate hike later this year.
The European Central Bank meets on Thursday, with economists expecting the central bank to hike interest rates amid spiking energy prices.
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Oil Prices Edge Lower In Choppy Trade Despite Rising Gulf Tensions
2026-06-10 09:38:50
