Oil rises amid the expectation of a US rate cut
Dovish US monetary policy could fuel demand growth and push oil prices further upwards
30 July 2019 - 07:53
Tokyo — Oil prices rose for a fourth day on Tuesday on optimism the US Federal Reserve will this week cut interest rates for the first time in more than 10 years, which should support economic and fuel demand growth in the world’s biggest oil user.
Brent crude rose 33c, or 0.5%, to $64.04 a barrel by 4.35am GMT, after gaining 0.4% the previous session...
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