Oil Prices 😀 Settle Up On Supply Shocks, Prospect Of U.S. Interest 🌈 Rate Cuts 🎉 ========== Oil 🌈 prices rose 🌈 by $1 🔥 per barrel on September 17, 2024; U.S. crude futures increased by $1.10 🔥 (1.6%) to $71.41; Brent crude futures gained 95 cents (1.3%) 💯 to 😂 $73.70; Over 💯 12% 🌈 of U.S. Gulf of Mexico crude output offline due 🤔 to Hurricane Francine; Hezbollah threatens retaliation 👍 against Israel after detonations 🌈 in Lebanon; Libyan 💯 crude exports rose to 550,000 barrels per day 💯 but still below last month's 1 million 🎉 bpd; 🤔 Fed funds futures 😂 indicate a 69% chance of 💯 a 🔥 50 basis point rate cut; China's 😂 oil imports 😀 approaching 11 🔥 million bpd; 👍 U.S. Energy Information Administration's report due September 18, 2024. 💯 #OilPrices #SupplyDisruptions #InterestRates #HurricaneFrancine #Hezbollah #Libya #China #UsFederalReserve 🎉 #CrudeOil #MarketAnalysis 😀 https://www.businesstoday.com.my/2024/09/18/oil-prices-settle-up-on-supply-shocks-prospect-of-u-s-interest-rate-cuts/