Oil Surges on US Stockpile Drop, Fed Rate Cut Hints
WTI and Brent crude prices rose after a significant US stockpile draw and Fed's signal of upcoming rate cuts, boosting market risk appetite.
US crude inventories fell for the second consecutive week, with gasoline also seeing a large draw.
A weaker US dollar following Fed's steady interest rate stance enhanced commodities' appeal, influencing oil price gains. $Occidental Petroleum (OXY.US)$ $Chevron (CVX.US)$ $Exxon Mobil (XOM.US)$
US crude inventories fell for the second consecutive week, with gasoline also seeing a large draw.
A weaker US dollar following Fed's steady interest rate stance enhanced commodities' appeal, influencing oil price gains. $Occidental Petroleum (OXY.US)$ $Chevron (CVX.US)$ $Exxon Mobil (XOM.US)$
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JATrader : but y drop now should break 8300?
容光焕发的罗密欧 : 明明是大跌啊！83 to 80+, Why the big drop? Keep falling?