- July 28, 2023
- Posted by: AliensFaith
- Category: OBJECTIVE PRESS
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Crude oil prices were set for another weekly rise earlier today despite a slight dip from Thursday’s close. Brent crude, which topped $84 per barrel on Friday, and West Texas Intermediate, which touched $80 per barrel, are both on course for a weekly gain of nearly 4%. This week, the Federal Reserve announced yet another rate hike of 25 basis points, which should have been bearish for oil. Yet Bloomberg noted in a report from Thursday that there are expectations the Fed is going to wrap up its rate-hiking program soon, which, in turn, is…
