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Oil settles higher on hopes Fed will track European Central Bank rate cuts

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.

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Oil prices climb as OPEC+ reassures markets, ECB cuts interest rate

Singapore (Reuters) -Oil prices ticked higher on Friday, as reassurances from OPEC+ members Saudi Arabia and Russia indicating readiness to pause or reverse output agreements, but markets were headed for their third straight weekly losses. Brent crude futures rose 2 cents to $79.89 per barrel and U.S. West Texas Intermediate crude futures rose 4 cents to $75.59 as at 0318 GMT. "Oil prices managed to regain some ground over the past few days, tapping on some reassurances from OPEC+ around their latest supply decision," said Yeap Jun Rong, market strategist at IG.

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Disgraced Departure of Benjamin Netanyahu from Israeli Politics – Sri Lanka Guardian

Disgraced Departure of Benjamin Netanyahu from Israeli Politics – Sri Lanka Guardian
slguardian.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from slguardian.org Daily Mail and Mail on Sunday newspapers.

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Russia's Nornickel planning to build PGMs refinery in Bahrain

Russia's Nornickel planning to build PGMs refinery in Bahrain
gulfbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfbusiness.com Daily Mail and Mail on Sunday newspapers.

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Preferential oil supply terms for Belarus may be discussed at Lukashenko-Putin talks

Preferential oil supply terms for Belarus may be discussed at Lukashenko-Putin talks
interfax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from interfax.com Daily Mail and Mail on Sunday newspapers.

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