The Federal Reserve postponed interest rate cut expectations, and oil prices fell accordingly

Oil prices fell as the Federal Reserve postponed interest rate cut expectations, while concerns about weak demand intensified. Brent crude oil and West Texas Intermediate both fell more than 0.9% during the day. Weak global economic data sparked fears of slowing demand, while two Fed governors said Thursday that the Central Bank should wait at least two more months before considering cutting interest rates. The minutes of the Federal Reserve’s January meeting, released on Wednesday, showed that Long policymakers were worried that it was too early to cut interest rates.