Oil prices climb on supply fears, Fed rate cut hopes
- Posted on January 17, 2025
- By Business News Today
- 4 Views
Oil prices climb on supply fears, Fed rate cut hopes
Brent crude futures rose 13 cents, or 0.2%, to $81.42 per barrel by 0113 GMT, after declining 0.9% in the previous session. U.S. West Texas Intermediate crude futures were up 27 cents, or 0.3%, to $78.95 a barrel after dropping 1.7% on Thursday.
