# U.S. oil futures settle lower as Fed takes stock before cutting rates | Reuters

> Brent futures settled 3 cents higher at $83.68 a barrel while WTI settled 33 cents lower at $78.54. Both benchmarks had fallen $1 in earlier trading before recovering partially ahead of Fed policy comments.

- Date: 2024-02-28 · published 2024-02-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/31837-u-s-oil-futures-settle-lower-as-fed-takes-stock-before-cutting-rates-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Mixed settlements show limited direction in crude, so near-term diesel and freight cost pressure is steady rather than changing sharply.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-eases-fed-caution-outweighs-talk-opec-cut-extensions-2024-02-28/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.