Oil jumps over 2% amid Red Sea vessel attacks, rate cut hopes

Name: Oil jumps over 2% amid Red Sea vessel attacks, rate cut hopes
Uploaded: 2023-12-27T02:55:22+00:00
Duration: 1 min 43 s
Channel: AWANI
Description: Oil also found support from expectations the Federal Reserve will cut interest rates next year. Lower interest rates cut consumer borrowing costs, which can boost economic growth and oil demand.

AWANI

Oil also found support from expectations the Federal Reserve will cut interest rates next year. Lower interest rates cut consumer borrowing costs, which can boost economic growth and oil demand.

Category

Disyorkan