Oil prices higher on Fed comments on inflation, Middle East tensions
时间:2024-06-26 16:59:51 阅读(143)
Oil prices edged higher on Friday after minutes from a Federal Reserve meeting suggested inflation was under control and as U.S. Secretary of State Antony Blinken prepared to visit the Middle East to prevent escalation in the Israel-Gaza conflict.
Brent crude futures were up 37 cents, or 0.5%, to $77.96 a barrel, while U.S. West Texas Intermediate crude futures rose 50 cents, or 0.7%, to $72.69 at 0229 GMT.
While the minutes of the Fed meeting did not provide direct clues about when interest rate cuts might commence, the discussions signalled a growing sense that inflation is under control and rising concern about the risks that an “overly restrictive” monetary policy may hold for the economy.
Lower interest rates reduce consumer borrowing costs, which can boost economic growth and demand for oil. Also adding to supply concerns were developments in the Middle East, where Israeli forces are planning a more targeted approach in the north and further pursuit of Hamas leaders in the south, its defence minister said on Thursday.
Aiming to help prevent the conflict from expanding, U.S. Secretary of State Blinken was set to travel on Thursday to the Middle East for a week of diplomacy, the State Department said.
上一篇:FII DII data- FPI sold shares worth Rs 219
下一篇:Yes Bank shares drops over 2 per cent after June quarter earnings
猜你喜欢
- FII, DII data- FPIs sold shares worth Rs 3073 cr, DIIs added shares worth Rs 500 cr on August 11, Friday
- Fairfax-backed Go Digit to raise Rs 1,250 crore through IPO
- F&O expiry- Nifty to trade in 17000-17300 range, Bank Nifty support at 34500; use Nifty Bear Put Spread
- F&O expiry outlook 9 September- Nifty maximum OI at 17000; keep booking profit in rally, avoid aggressive long
- FII, DII data- FPIs sold shares worth Rs 1831cr, DIIs added shares worth Rs 1469cr on October 18, Wednesday
- Fire breaks out in forest near Modi Mill in Delhi’s Okhla, causes traffic snarls
- Adani Enterprises stock jumps 2% after disclosure on US SEC probe; dividend record date nears, AGM next month
- Bajaj Auto stock falls 1% today after Q1 results announcement; Net-profit jumps 42% to Rs 1,665 crore on-year
- Favorable market conditions, liquidity push 139 SMEs to mobilise Rs 3,540-cr via IPO in 2023