Oil dips on demand forecasts, global equities gain

Global equities were higher ⁠on ⁠Wednesday after mild inflation data reinforced bets the ⁠Federal Reserve will hold interest rates steady, while oil prices dipped as investors balanced lower demand against a ​deadlock in U.S.-Iran talks. The United States and Yemen’s Iran-aligned Houthis reported separate ship attacks. But oil prices fell as investors weighed lower demand forecasts. [O/R] U.S. consumer prices increased 0.1% ‌in July, in line with expectations, data showed ‌on Wednesday. The…

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