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Oil Prices Soar Amid Middle East Tensions, US Stocks Mixed Ahead of Fed Decision

Guavy AI Editorial Team
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Oil
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Oil prices surged on Wednesday as tensions in the Middle East flared, while US stocks traded mixed ahead of the Federal Reserve's interest rate decision.

The S&P 500 dipped by 0.7%, with the Dow Jones Industrial Average falling by 760 points, or 1.4% as of 10:30 a.m. Eastern time. The Nasdaq composite also declined by 1%.

Investors are anxiously awaiting the Fed's decision on interest rates, which could have significant implications for the economy and markets.

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