Radiocor News

Brent futures slightly higher but set for 3rd weekly drop

Crude oil futures up 36 cents at 80.23 usd (Il Sole 24 Ore Radiocor) - London, 07 Jun - Brent futures were slightly higher, as oil prices rebounded from recent losses but were still on track for a third straight weekly drop after last Sunday OPEC+ left room for voluntary cuts from eight members to be gradually unwound beginning in October.

Growing expectations that the US Federal Reserve will start cutting interest rates in the fourth quarter of the year helped cap the losses.

At 1110 GMT crude oil futures were up 36 cents at 80.23 dollars a barrel.

AAA-Ver

(RADIOCOR) 07-06-24 13:40:11 (0339) 5 NNNN

 


The Exchange accepts no responsability for the content of the website you are now accessing or for any reliance placed by you or any person on the information contained on it.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.


You will be redirected in five seconds.