Oil Prices Soar Amid Fed Rate Decision Jitters

Crude oil prices continued their upward trend on Wednesday, while US stocks experienced a slight downturn as investors await the Federal Reserve's decision on interest rates.

The S&P 500 index slipped 0.1%, with many market participants holding back on making any significant moves until after the Fed's announcement.

The Dow Jones Industrial Average took a bigger hit, dropping by 458 points or 0.9% as of 9:35 am Eastern time, while the Nasdaq composite managed to stay relatively steady at 0.1% higher.