Home News Oil prices rose on Thursday morning as markets react to the Fed’s decision

Oil prices rose on Thursday morning as markets react to the Fed’s decision

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Oil prices rose on Thursday morning as markets react to the Fed’s decision

ILLUSTRATIVE PHOTO: REUTERS

ILLUSTRATIVE PHOTO: REUTERS

The US central bank Fed left the key interest rate unchanged.

Oil prices rose on Thursday morning. The markets reacted to the decision of the US central bank Fed, which left the key interest rate unchanged, and to the latest data on the unexpected drop in oil stocks in the US in the week to March 15, the businesstimes portal reports.

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A barrel of US light West Texas Intermediate crude for delivery in May was sold at 81.68 dollars on Thursday at 7:48 a.m. CET. That was up 41 cents, or 0.51 percent, from the previous day’s close.

The price of the May North Sea Brent crude contract rose 52 cents, or 0.61 percent, to $86.47 a barrel.

01 – Modified: 2024-03-20 07:13:33 – Feat.: – Title: Oil prices fell slightly this morning 02 – Modified: 2024-03-19 18:43:06 – Feat.: – Title: Oil prices rose to almost five-month highs 03 – Modified: 2024-03-17 12:56:14 – Feat.: – Title: Oil prices fell slightly on Friday, but rose for the whole week 04 – Modified: 2024-03-15 07:15 :57 – Feat.: – Title: Oil prices fell, the price of Brent remains above the $85 mark 05 – Modified: 2024-03-14 07:17:25 – Feat.: – Title: Oil prices strengthened on Thursday morning after unexpected drop in stocks



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