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Oil Price - Oil prices dip after US inventory rise offsets Middle East tensions
18-09-2024 02:17
Oil fell on Wednesday after two sessions of gains after an industry report showed increasing US crude and fuel inventories, offsetting rising tension in the Middle East and the potentially bullish impact of a US interest rate cut. US crude stocks rose by 1 ...
Oil prices settle up on supply shocks, prospect of US interest rate cuts
Oil prices rose by a dollar a barrel on Tuesday as supply disruptions mounted and traders bet that demand will grow if the U.S. Federal Reserve lowers borrowing costs this week, as is widely expected.