Crude oil slides to two-week lows but demand looks healthy despite high rates

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Crude oil slides to two-week lows but demand looks healthy despite high rates


SlavkoSereda/iStock via Getty Images

Crude oil futures fell this week following back-to-back weekly gains, after hawkish Federal Reserve meeting minutes and cautious comments by several Fed officials helped tamp down hopes for interest rate cuts that could boost energy demand.

Fed Gov. Chris Waller, for example, said

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