Following days of falling prices, U.S. benchmark crude oil prices are trading up 3% on Wednesday on sentiments of tight supply and signals from the Federal Reserve that we can still anticipate interest rate cuts in 2024. At 11:40 a.m. ET on Wednesday, West Texas Intermediate (WTI) was trading up 3.13% at $80.60, breaking the $80 threshold, while Brent crude was trading up 2.43% at $84.03. Earlier on Wednesday, Saudi Arabia announced it would raise prices of crude oil to Asia just days after OPEC+ extended its 2.2-million-barrel-per-day…
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