2024-06-06 21:20:52
Oil costs continued to rise in Asian commerce at the moment as extra analysts and buyers anticipate the US Federal Reserve to chop key rates of interest at its September assembly. Nevertheless, the rise within the value of black gold on the worldwide markets is proscribed in opposition to the background of upper US oil reserves and due to the plans of the nations of the oil alliance OPEC+ to extend its provides, reported Reuters.
Brent futures from the North Sea, which is a benchmark for the European market, added 46 cents, or 0.62 %, to $74.53 a barrel at 8:15 a.m. Bulgarian time.
U.S. mild crude for August supply rose 37 cents, or 0.47 %, to $78.78 a barrel.
Practically two-thirds of economists polled by Reuters between Might 31 and June 5 anticipate the US Federal Reserve to chop key rates of interest in September. This might decrease the price of lending, which might result in the stimulation of financial exercise and a rise within the demand for oil, the company mentioned, quoted by BTA.