Oil achieves strong gains supported by a decline in inventories and a decline in the dollar
Oil prices rose yesterday, Thursday, continuing the gains they began in the previous session, supported by a larger-than-expected weekly decline in US crude inventories and a decline in the dollar after the Federal Reserve (the US central bank) hinted that it would begin reducing borrowing costs in 2024. Brent crude futures rose 1.37 Dollars, equivalent … Read more