As OPEC+ Quiets Markets and the ECB Lowers Interest Rates, Oil Prices Increase 1
After indications from Saudi Arabia and Russia, two OPEC+ members, that they were prepared to halt or overturn output agreements, oil prices rose on Friday. This decision heightened anticipation of a comparable U.S. action, as did a European interest rate drop. U.S. West Texas Intermediate crude prices jumped by 16 cents to $75.71, while Brent … Read more