Oil Prices Soar as Tech Stocks Fall Ahead of Fed Interest Rate Decision

Crude oil prices are once again on the rise, reaching new heights as US stocks decline ahead of an upcoming decision from the Federal Reserve regarding interest rates.

The surge in oil prices has been a notable trend over the past few days, with crude oil futures jumping to $77.50 per barrel as of July 29, 2026.

Meanwhile, technology stocks have taken a hit, dragging Wall Street lower as investors await the Fed's decision on interest rates, which is expected to be announced soon.