Oil Prices Rise on Rate Cut Optimism

Crude oil prices started the week with gains following the U.S. Federal Reserve chairman’s speech last Friday, which revived hopes for more rate cuts later this year as well as Ukrainian attacks on Russian energy infrastructure. At the time of writing, Brent crude was trading at $67.85 and West Texas Intermediate was trading at $63.79 per barrel, after adding almost 3% last year amid vanishing chances for a quick end to the war in Ukraine. After three attacks on the Druzhba pipeline that carries crude from Russia to Hungary and Slovakia,…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com