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/