Crude Oil Experiences A Surge Of Over 1 Percent In Response To The Federal Reserve's Choice To Keep Rates Unchanged
Category: General
On Thursday, oil prices rebounded, surging by over 1% to end a three-day downward trend, driven by renewed risk appetite in financial markets following the decision by the U.S. Federal Reserve to maintain benchmark interest rates.
According to Reuters, Brent crude futures climbed by 89 cents, equivalent to a 1.1% increase, reaching $85.52 per barrel. Simultaneously, U.S. West Texas Intermediate crude futures saw a 1.1% rise of 91 cents, closing at $81.35 per barrel.
02 Nov, 2023
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