Oil Jumps 2% on Fed Easing Signals, Ukraine Drone Strikes

Crude prices moved higher in early Monday trade, with macro tailwinds from a more dovish U.S. Federal Reserve and fresh supply jitters after Ukrainian drone attacks on Russian energy infrastructure. The U.S. Benchmark, West Texas Intermediate (WTI), climbed to its highest in three weeks, while Brent crude has pushed above $68 per barrel as traders priced a possible September rate cut following Jerome Powell’s remarks last week.  By 12:17 pm ET, Brent was up 1.71% at $68.89, with WTI gaining  1.95% to $64.90 on expectations of easing…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com