Oil prices rise for fourth day on hopes of US Fed rate cut
Donald Trump says a small rate cut ‘is not enough’, as thee resumption of the US-China trade talks also support oil prices
30 July 2019 - 13:04
London — Oil prices rose for a fourth day on Tuesday on optimism that the US Federal Reserve will, this week, cut interest rates for the first time in more than 10 years, supporting fuel consumption in the world’s biggest oil user.
Brent crude rose 56c to $64.27 a barrel by 9.06am GMT. It is set for a monthly fall of more than 3%, however, due to lingering worries about oil demand. US crude was up 44c at $57.31 a barrel, but also set for a monthly decrease of about 1.8%...
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