Oil Soars Nearly 4% Ahead Of Fed Rate Decision

The oil markets continue to be volatile and unpredictable, with WTI and Brent crude making significant gains on Tuesday’s morning session just a day after prices took a big plunge on growing Wall Street bearishness.  At 10:13 a.m. EST, Brent crude for July delivery was trading at $74.50/barrel, good for a 3.7% gain, while WTI crude for July delivery climbed by a similar margin to trade at $69.67 per barrel. Citing rising supply and waning demand, Goldman Sachs cut its year-end WTI crude outlook to $81/bbl from $89  and its Brent…