Crude prices to push well past $70-$90 when Fed cuts rates, Carlyle’s Currie says

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Crude oil futures finished lower Wednesday, edging off five-month highs after back-to-back session gains, weighed by strength in the U.S. dollar even after some gains were trimmed following the Federal Reserve’s policy announcement.

The policy-setting Federal Open Market Committee kept its main policy rate target unchanged at a 5.25%-5.5% range and left its median estimate for rates by year-end at a level that implies three quarter-point rate cuts for 2024.

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