Oil jumps as killing of Hamas leader stokes geopolitical risk

Quick Summary:

Brent is set for a monthly drop of around 7 per cent, the biggest in 2024.

The Fed is widely expected to keep rates on hold when it meets on July 31 and traders will look to Chair Jerome Powell’s remarks for confirmation of bets that they will be cut in September.

In the United States, the American Petroleum Institute said crude inventories fell by 4.5 million barrels last week.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIsraelUnited States

Topics: October Hamas Recent Crude Going Israel Prices Developments Reacted Killed Been

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 16:15:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 476 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21870031

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 22 posts per day

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Headquarters: Singapore

News Last Updated: 1 hours ago

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Publisher ID: #25

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