Oil ends week higher as investors take stock of Fed rate cuts
- Posted on September 21, 2024
- By Business News Today
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Oil ends week higher as investors take stock of Fed rate cuts
Oil prices settled lower on Friday but achieved a second consecutive week of gains, supported by a U.S. interest rate cut and reduced supply. Brent futures closed at $74.49 per barrel, while U.S. WTI crude settled at $71.92. Economic concerns in China and Middle East tensions also influenced the market.
