Oil Prices Rise on Jumbo Fed Rate Cut

OilPrice.com - 18 Eylül 2024

Oil Prices Rise on Jumbo Fed Rate Cut

As widely anticipated, the Federal Reserve announced a rate cut on Wednesday at the close of its meeting in a move that represents the first time the Fed has cut interest rates since the COVID-19 pandemic, going for an extra large 50-basis-point cut. The Fed…

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