Oil dips but poised to end week higher on Fed rate cuts, lower US crude stocks
- Posted on September 20, 2024
- By Business News Today
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Oil dips but poised to end week higher on Fed rate cuts, lower US crude stocks
Oil prices dipped slightly on Friday but are set for a second week of gains, supported by a significant U.S. interest rate cut and falling stockpiles. Brent futures fell to $74.54 a barrel, while WTI crude dropped to $71.94. Despite economic concerns in China, both benchmarks rose around 4% this week.
