Oil gains nearly 2% on hurricane impact, US Fed rate cut expectations; brent crude at $73.01/bbl
Oil prices increased by approximately 2% on Monday, driven by ongoing disruptions to U.S. Gulf oil infrastructure, which offset persistent concerns about demand following new data from China. Investors are also anticipating a potential reduction in U.S. interest rates later this week. By 1315 GMT, Brent crude futures for November rose by $1.40, or 1.96%, … Read more