Oil slips as traders weigh EU-US trade deal, Fed decision
Oil prices dipped Tuesday as traders assessed the EU-US trade deal and awaited the Fed's interest rate decision. Brent fell to $69.94/bbl, WTI to $66.66. The EU pledged $750 billion in US energy imports and a 15% baseline tariff. Talks with China also resumed in Stockholm. Sentiment on USO turned bullish amid cautious market optimism.