Oil prices expected to increase after U.S. rate cut, benefiting oil-producing countries

From Google: 2024-09-20 06:41:25

Oil prices are expected to increase at the end of the week following a surprise rate cut by the U.S Federal Reserve. This move has led to a weaker dollar, making commodities like oil more affordable for international buyers. The increased demand is pushing oil prices up, benefiting oil-producing countries.



Read more at Google: Oil prices set to end week higher after U.S. rate cut – The Globe and Mail