Oil Posts Second Straight Positive Week on Russian Supply Worries, Likely Fed Rate Cut

Oil posts second straight positive week on Russian supply worries, likely Fed rate cut

Crude oil futures posted solid gains for the week, helped by diminishing prospects of a Russia-Ukraine peace deal and growing tensions between the US and Venezuela.

Oil climbs to 2-week high on Fed rate-cut signals, supply concerns

Oil prices edged up nearly 1 per cent to a two-week high on Friday (Dec 5) on increasing expectations the US Federal Reserve will cut interest rates next week, which could boost economic gr...

Oil Climbs to 2-Week High on Fed Rate-Cut Signals, Supply Concerns - Energy News, Top Headlines, Commentaries, Features & Events

By Scott Disavino US central bank expected to cut rates next week Russia-Ukraine talks stall, affecting oil supply outlook OPEC+ production steady, geopolitical tensions influence prices NEW YORK, Dec 5 (Reuters) – Oil prices edged up nearly 1% to a two-week high on Friday on increasing expectations the U.S. Federal Reserve will cut interest rates ...

Oil Climbs to 2-Week High on Fed Rate-Cut Signals, Supply Concerns

Oil prices edged up about 1% to a two-week high on Friday on increasing expectations the U.S. Federal Reserve will cut interest rates next week, which could boost economic growth and energy demand, and geopolitical uncertainty that could reduce supplies from Russia and Venezuela. Brent futures rose 62 cents, or 1.0%, to $63.88 per barrel, while U.S. West Texas Intermediate (WTI) crude was up 60 cents, or 1.0%, to $60.27. Those moves put both cru…

Oil Prices Hold Firm Despite Daily Dip As Traders Eye Fed Cut And U.S.–Venezuela Standoff

Oil prices maintained weekly stability on Friday as market sentiment strengthened around an expected U.S. Federal Reserve rate cut, rising geopolitical tension between Washington and Caracas, and stalled diplomatic engagements in Moscow. The developments supported crude futures despite a marginal pullback in both benchmarks during early trading. Brent crude oil, against which Nigerian crude oil […] The post Oil Prices Hold Firm Despite Daily Dip…