Key Points
(Reuters) -Oil prices settled up more than 1% on Thursday, as expectations for a U.S. interest rate cut in a few weeks fueled a rebound after four days of price declines...
Everyone is now talking about the Fed cutting rates by 50 basis points, which would be significant, he said.. Fed Chair Jerome Powell is due to speak on Friday at the annual central banking conference in Jackson Hole, Wyoming..
The U.S. dollar has fallen recently on concerns about a weakening economy, supporting oil prices as buyers using other currencies pay less for dollar-denominated crude...
Also supporting oil prices, a U.S. government report on Wednesday showed crude, gasoline and distillate inventories fell by more than expected last week, a sign of demand picking up...
A Greek-flagged oil tanker carrying 150,000 tonnes of crude that was evacuated by its crew after being attacked in the Red Sea now poses an environmental hazard, the EUs Red Sea naval mission Aspides said on Thursday...
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