Traders betting on higher prices took the brunt of the forced selling, while oil climbed on Iranian tanker attacks. Fed minutes are due later Wednesday.
The release of the minutes from the last FOMC meeting could be especially relevant this time around. At that meeting, the Fed hiked rates for the first time this year. Markets are trimming back expectations for rate hikes amid softer
Standard Chartered Says Hormuz Oil Flows Are Far From Normal
Authored by Alex Kimani via OilPrice.com,
Gulf oil exports rebounded to roughly 16.5 million bpd in September, near pre-war levels,