Oil up after Fed comments, expected US crude stockpile drawdown: Report ...Middle East

NY Times News - News
Oil up after Fed comments, expected US crude stockpile drawdown: Report
3 min read Last Updated : Jun 18 2024 | 10:39 PM IST Oil prices rose on Tuesday on cautious yet positive comments from a New York Federal Reserve policymaker on the future of interest rate cuts and expectations for a drawdown in U.S. crude inventories. Brent crude futures were up 77 cents to $85.02 per barrel by 10:45 a.m. EDT (1445 GMT), while U.S. West Texas Intermediate crude futures rose by $1.02 to $81.35 a barrel. Both benchmarks gained around 2% on Monday, closing at their highest levels since April. Global benchmark Brent has clambered back from an early-June close of $77.52, though remains off its $90 peaks in mid-April. Prices extended gai

Hence then, the article about oil up after fed comments expected us crude stockpile drawdown report was published today ( ) and is available on NY Times News ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Oil up after Fed comments, expected US crude stockpile drawdown: Report )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News


Latest News