Oil prices rise on expectation of strong global demand and possible Fed interest rate cut
Wednesday, 13 March 2024 Oil prices increased on Wednesday as the market anticipated strong global demand and a possible interest rate cut by the Federal Reserve. Brent futures for May rose 0.3% to $82.20 a barrel, and the April U.S. West Texas Intermediate crude contract also rose 0.4% to $77.84. The Organization of the Petroleum Exporting Countries (OPEC) maintained its projection of robust global oil demand growth and raised its economic growth forecast for this year.
Consumer Prices , Rose 0.4% in February.
The Bureau of Labor Statistics released
its latest data on March 12.
In February 2024, prices rose 0.4%
compared to January and 3.2% year-over-year, according to the Consumer Price Index (CPI).
The figures, which are greater than expected, represent the...
Now that we've officially sprung forward, the days may seem longer, but our to-do lists don't seem to get any shorter! Here are tips and the latest products out there to help us out. In fact, it can..
Powell Says , Fed Remains Reluctant to Start , Lowering Interest Rates.
On March 6, Federal Reserve Chair Jerome Powell
said that interest rates will start to drop at
some point this year, without..
Credit: Wibbitz Top Stories Duration: 01:31Published
Wednesday, 13 March 2024
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