OIL settled up 2 per cent on Thursday (Jun 6) after the European Central Bank (ECB) opted to cut interest rates, spurring hopes that the Fed will follow suit, and Opec+ ministers reassured investors the latest oil output agreement could change depending on the market.
BSP likely to keep policy stance tight - BusinessWorld Online bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Oil rose in early Asian
trading on Thursday on rising expectations the Federal Reserve
will cut interest rates in September, and as the market
rebounded from a selloff related to growing U.S.. -June 05, 2024 at 09:24 pm EDT
- MarketScreener
Brent crude futures rose 27 cents, or 0.34%, to $78.68 a barrel by 0103 GMT, while U.S. West Texas Intermediate crude futures rose 36 cents, or 0.49%, to $74.43.