Economic uncertainty leaves oil markets paralyzed ...News

Russia Today - Economy
Economic uncertainty leaves oil markets paralyzed
source : Russia Today ( News ) () 116
The Federal Reserve cut interest rates again as the trade war continues to rage on, but what does all of this mean for the price of oil? It was the third interest rate cut this year, which marked an about-face after successive increases over the previous few years. The central bank was forced into monetary easing after the global economy showed signs of slowing down, made worse by the US-China trade war. However, despite the browbeating from President Trump, Fed Chairman Jerome Powell indicated that the latest cut of 25 basis points might be the end of the line, unless things deteriorate further. “The current stance of [interest-rate]

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