Oil prices rise, US interest rate cut expected - Sadahadhramowt | News

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الاثنين، 16 سبتمبر 2024

Oil prices rise, US interest rate cut expected

SINGAPORE - Agencies:

Oil prices rose in early trading on Monday, amid expectations of a US interest rate cut this week, but gains were limited by the resumption of US supplies after Hurricane "France" and weaker Chinese data.


Brent crude futures for November delivery rose 15 cents, or 0.2 percent, to $71.76 a barrel.


US crude futures for October delivery rose 23 cents, or 0.3 percent, to $68.88 a barrel.


Both crudes settled lower in the previous session, as concerns about supply disruptions eased with the resumption of crude oil production in the Gulf of Mexico following Hurricane "France" and with the emergence of increasing data showing a weekly increase in the number of drilling rigs in the United States.

     

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