Oil prices higher on Fed comments on inflation, Middle East tensions
时间:2024-06-26 08:53:42 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:Bulls back on Dalal Street or will bears fight back today- 5 things to know before opening bell
下一篇:Year Ahead- Lower interest rates may buoy affordable housing in 2024
猜你喜欢
- Board gets more teeth- Sebi widens ambit to proceed against intermediaries
- Blackstone’s Nexus Select Trust REIT Rs 3,200 cr IPO to open 9 May; combination of fresh issue, OFS
- Bluebird Solar appoints Rohit Tikku as CEO
- Boeing 737 Max 9 crisis- Federal officials order grounding of some jetliners after plane suffers mid-air blowout
- Bitcoin’s new year jump weathers somber start in global markets
- Jyoti CNC Automation IPO subscribed 3
- Beyond Key onboards Anuj Karwa as vice president of sales
- Bengaluru rain- Thunderstorm, more downpour predicted in Silicon City - Photos
- Blue Jet Healthcare IPO opens, GMP rises over 18%; should you subscribe to the issue-