Reported 19 days ago
Oil prices are poised to close higher for the second consecutive week, despite a slight dip on Friday. This follows a substantial cut in U.S. interest rates and a drop in global stockpiles, with Brent futures and U.S. WTI crude both up over 4% for the week. Analysts suggest that the rate cuts have bolstered market sentiment, though concerns linger about the overall economic impact and demand growth.
Source: YAHOO