Oil prices rise 2% on US interest rate cut
Oil prices rose 2% on Thursday after the Federal Reserve's large cut in U.S. interest rates, helping global benchmark Brent crude recover from its lowest in nearly
September 18, 2024Your subscription includes
Unlimited Access to All Content from
The Los Angeles Post
Oil prices rose 2% on Thursday after the Federal Reserve's large cut in U.S. interest rates, helping global benchmark Brent crude recover from its lowest in nearly
September 18, 2024Crude futures fell by more than $1 a barrel on Wednesday in see-saw trading, with traders worried about demand in coming months as crude producers offered mixed
September 04, 2024Oil prices fell about 2% on Tuesday on worries that slower economic growth in the U.S. and China could reduce demand for energy, especially after prices surged
August 27, 2024Oil prices gained more than 2% on Wednesday, bouncing back from multi-month lows, after data showed a bigger-than-expected draw in U.S. crude stockpiles, even as
August 07, 2024Oil prices settled more than $1 lower on Thursday as global supply seemed largely unaffected by worries of a wider Middle East crisis after the killing of a
July 31, 2024Oil prices settled higher on Wednesday, supported by large declines in U.S. crude and fuel stocks, but hovered close to their lowest level in six weeks due to
July 23, 2024Oil futures prices settled slightly lower on Friday as investors weighed weaker U.S. consumer sentiment against mounting hopes for a Federal Reserve rate cut in
July 12, 2024Oil settled more than 1% higher on Tuesday due to escalating geopolitical risk in Europe and the Middle East, where wars continue to threaten global supply.
June 17, 2024Oil fell more than $1 on Wednesday as economic growth in China, the world's second-largest crude user, slightly missed expectations, raising concerns about future
January 17, 2024Oil prices climbed about 3% on Friday, as some oil tankers diverted course from the Red Sea following overnight air and sea strikes by the United States and Britain
January 12, 2024Oil prices climbed on Friday and were on track to rise for a second week on heightened fears that the Israel-Palestinians crisis may spread in the Middle East and
April 26, 2024Oil prices pared gains after earlier climbing $1 on Monday, with questions around supply and global demand and ahead of comments from the U.S.
April 26, 2024