Oil Prices Mixed Amid Fed Rate Cut & China Demand Concerns
September 19, 2024
Brent crude futures for November rose 8 cents to $73.73 a barrel by 0015 GMT, while WTI crude futures for October declined 3 cents to $70.88 a barrel. The U.S. central bank cut interest rates by half a percentage point on Wednesday. Interest rate cuts typically boost economic activity and energy demand, but the market […]
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Brent and WTI Futures Surge Amid Dollar Strength and Rate Cut Expectation Shifts
June 10, 2024
Brent crude futures gained 28 cents, or 0.4%, to $79.90 a barrel by 0427 GMT, and U.S. West Texas Intermediate crude futures were up 0.3%, or 26 cents, at $75.79 a barrel. On Friday, data showed the U.S. added more jobs than expected last month, leading investors to trim expectations for rate cuts, which helped […]
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