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Oil rises as US crude stocks fall, market awaits Fed rate cut

NEW YORK: Oil prices rose for a fifth day on Wednesday, supported by a larger-than-expected drop in U.S. inventories and investor expectations that the U.S. Federal Reserve will lower borrowing costs for the first time in more than a decade. Brent crude …Read more





Oil rises as US crude stocks fall market awaits US Fed rate cut

The front-month Brent crude Fed to cut interest rates on Wednesday The decision is due at 2 pm EDT 1800 GMT at the end of a two-day policy meeting A rate cut would be a double boon for
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Oil rises for fifth session as stockpiles fall and market awaits Fed

Brent crude futures rise 40 cents were expected to cut interest rates with President Donald Trump having reiterated his call for the Fed to make a large cut The move has long been anticipated and represents a double boon for oil prices – on
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WTI Oil Outlook Oil Price In Tight Consolidation After Strong Fall In Crude Stocks Reduced Bearish Pressure

Turbulent situation in emerging markets and rising fears of escalation of global trade conflict were the factors that keep oil price under pressure with negative impact being partially offset by unexpected rise in US crude stocks EIA report showed
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US oil on track for 5-day winning streak as traders await Fed decision

Analysts surveyed by The Wall Street Journal on average look for crude inventories to fall 21 million barrels while gasoline stocks were expected to decline 18 million barrels and distillates were forecast to rise Oil bulls look to Fed rate cut
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Rupee bond prices fall as crude oil gains

The Indian rupee and bond prices fell on Wednesday as the market worried that a rise in global oil prices US President Donald Trumps threats to Beijing amid tariff negotiations and ahead of the Federal Reserves long-awaited rate cut in a decade
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Oil surges on tanker attacks stocks rise on Fed rate cut expectations

The market is waiting to hear from the Fed and whether they will deviate at all from their latest stance and I call it an active dovish position to see if they continue to lay the groundwork for a rate cut oil cargoes US crude settled
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