Oil Prices Rebound as Fed Rate Cut Optimism Offsets Demand Concerns
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#80409bb8 ver:0.17

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 US 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 #FedRateCut #DemandConcerns...

#newstr #OilPrices #Opec+ #DemandOutlook #BrentCrude #WtiCrude #InterestRates #UsFederalReserve #UsCrudeInventories #FuelStocks 

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