Oil climbs with U.S. Federal Reserve pivot
As U.S. Federal Reserve Bank Chair Jerome Powell said that interest rate reductions would be one of the central bank’s top priorities in the upcoming months, oil prices increased by more than 1% on Friday. At 9:50 a.m. CDT (1450 GMT), Brent crude futures increased by $1.27, or 1.63%, to $78.49 a barrel, while U.S. … Read more
