Oil Prices Rise on Jumbo Fed Rate Cut
The U.S. crude oil benchmark, West Texas Intermediate (WTI), was trading down nearly a percentage point, with Brent crude not far behind just minutes before the Fed rate cut announcement on Wednesday. Oil prices began responding to the rate cut immediately, with downward trending prices flattening out just minutes after the rate cut announcement.
India's edible oil consumption is set to grow at a pace of 2%-3% as cooking oils remain affordable despite an import duty ...
Oil rose in the early Asian session, buoyed by signs of declining supply from Libya.
Shares of Imperial Oil Ltd. IMO inched 0.47% higher to C$91.48 Tuesday, in what proved to be an otherwise all-around down ...
Oil prices rose over 2% on Thursday as producers assessed the impact on output in the U.S. Gulf of Mexico after Hurricane ...
Oil futures rise for the third time in four sessions as U.S. offshore production gradually recovers from last week’s Hurricane Francine, with market attention on this week’s Fed meeting.
(Bloomberg) -- Oil jumped as Libyan exports continued to slump and expectations rose that the Federal Reserve will be more aggressive in cutting rates this week. Most Read from Bloomberg Pipeline ...
Oil exports from Russia's western ports may rise in October as domestic refineries will increase runs only marginally despite coming out of the peak maintenance season, trading sources said.
Imperial Oil Ltd. closed C$15.04 short of its 52-week high of C$106.09, which the company achieved on August 16th.
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