Oil rebounds as Middle East tensions outweigh rate cut concerns

Capt. John

Oil rose 2% on Friday and was set for a small weekly gain, as tension in the Middle East raised the risk of supply disruptions and offset the potentially bearish impact of reduced expectations for U.S. interest rate cuts this year. Brent crude futures were up $2.19, or 2.44%, at $91.93 a barrel by...


Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.