Reported 18 days ago
Oil prices rose nearly 1% as investors reacted to the implications of President-elect Donald Trump's policies on supply, following a previous downturn after his election. Concurrently, the U.S. Federal Reserve cut interest rates by 25 basis points, signaling potential boosts in economic activity and energy demand. However, gains were capped by a strong dollar and declining crude imports from China amid ongoing production cuts due to Hurricane Rafael.
Source: YAHOO