Oil prices rise on supply concerns, Fed rate cut expectations
Oil prices rise on supply concerns, Fed rate cut expectations

Oil prices climbed on Friday, set for a fourth consecutive weekly gain, fueled by concerns over tightening supply due to U.S. sanctions on Russian oil producers and signals from a Federal Reserve official hinting at potential interest rate cuts, reports Reuters. Brent crude futures rose by 13...

Trump’s victory unlikely to alter US Fed rate cut plans
Trump’s victory unlikely to alter US Fed rate cut plans

The US Federal Reserve is widely expected to cut interest rates by a quarter point on Thursday, focusing on easing borrowing costs amid cooling inflation, regardless of the election results. The US central bank sits just a short walk from the White House, where Democratic President Joe Biden...