Crude Oil Prices Rebound as US Federal Reserve Rate Cut Optimism Outweighs Demand Concerns
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#80409bb8 ver:0.16

Crude oil prices rebounded 1% as hopes of a US Federal Reserve rate cut in September outweighed demand concerns. Brent crude settled at $78.41 per barrel, while WTI crude climbed to $74.07 per barrel. US crude inventories rose by 1.2 million barrels, adding to demand concerns. The Fed is expected to cut rates in September, and OPEC+ plans to increase supply in Q4. Saudi Arabia also cut its official selling price for Arab Light crude oil to Asia. #OilPrices #FederalReserve #DemandConcerns...

#newstr #CrudeOilMarket #Opec+ #UsFederalReserve #InterestRateCut 

 https://here.news/story/80409bb8?ver=0.16