Prices for Brent crude above $87, sets highest levels since April

Quick Summary:

In the previous session, Brent gained 1.3% to settle at $87.34 for its highest close since April 30.

WTI, meanwhile, had settled at an 11-week high of $83.

Countering that, weaker economic data could hasten interest rate cuts by the US Federal Reserve, analysts said, which could be supportive for oil markets.

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Category: BusinessFinance

Markets: IndiaOmanSaudi Arabia

Topics: Brent crude above $87 Sets highest levels since April

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Published On: 2024-07-04 @ 22:58:23 (2 days ago)

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