Oil prices rise on expectation of strong global demand and possible Fed interest rate cut
Wednesday, 13 March 2024 Oil prices increased on Wednesday as the market anticipated strong global demand and a possible interest rate cut by the Federal Reserve. Brent futures for May rose 0.3% to $82.20 a barrel, and the April U.S. West Texas Intermediate crude contract also rose 0.4% to $77.84. The Organization of the Petroleum Exporting Countries (OPEC) maintained its projection of robust global oil demand growth and raised its economic growth forecast for this year.
Consumer Prices , Rose 0.4% in February.
The Bureau of Labor Statistics released
its latest data on March 12.
In February 2024, prices rose 0.4%
compared to January and 3.2% year-over-year, according to the Consumer Price Index (CPI).
The figures, which are greater than expected, represent the...
Oil prices surged by more than four percent on Friday following Israel's missile strikes on Iran, amplifying concerns of heightened tensions in the West Asia region. The global benchmark, Brent crude,..
IMF Warns of Broad Global Impact, Due to Conflict in the Middle East.
According to 'The Guardian,' the International Monetary
Fund recently highlighted the risks of escalating
conflict in the Middle..
Credit: Wibbitz Top Stories Duration: 01:31Published
Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to..
Credit: Wibbitz Top Stories Duration: 01:31Published
Wednesday, 13 March 2024
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