Oil Prices Slip Ahead Of Interest Rate Updates

After adding 1.5% last week, Brent crude started this week with a dip and so did WTI, which last week gained 2%. The dip comes ahead of central bank updates due in the United States and Europe, as traders calculate the chances for more rate hikes down the road. "While another Fed rate hike this week may drive some short-term price volatility, we expect tightening market conditions on OPEC's supply cuts and increasing market speculation of further stimulus in China to continue to push prices higher through 3Q23," Reuters quoted analysts from…