Oil Drops To $88 As Markets Brace For High Interest Rates To Stay Longer By: TalkMarkets October 04, 2023 at 12:27 PM EDT Oil prices retreated on Wednesday as Fed's pledge to keep interest rates 'higher for longer' sparked demand concerns. Read More >> Related Stocks: Ipath Pure Beta Crude Oil ETN US Brent Oil Ultra Bloomberg Crude Oil 2X ETF United States Oil Fund