SINGAPORE/LONDON—Oil prices slid to six-month lows on Wednesday and world shares killed time ahead of the year’s final Federal Reserve policy decision and clues about the timing of next year’s rate cuts.
Traders also were digesting the impact of an agreement from the COP 28 climate summit to begin reducing global consumption of fossil fuels, as well as Argentina’s plan to weaken its peso over 50 percent, cut energy subsidies, and cancel tenders of public works.
