"The short-term crude demand outlook will soon be clearer. inflation report to be released on Wednesday is expected to help investors gauge the near-term trajectory for interest rates. The prospect of the Fed raising its benchmark interest rate only once more and in a 25 basis point increment is a useful starting point but the central bank's policy path will depend on incoming data, New York Fed President John Williams said on Tuesday.Ī U.S. Federal Reserve is getting closer to ending its cycle of interest rate hikes, making dollar-priced oil cheaper for buyers holding other currencies. Investors were more optimistic that the U.S. West Texas Intermediate futures rose US$1.79, or 2.2per cent, to US$81.53 a barrel. inflation report this week, though concerns remain over Chinese demand.īrent crude futures settled up US$1.43, or 1.7per cent, to US$85.61 a barrel. IPad 3, iPad 4, iPad Air, iPad iPad, iPad Mini 2, iPad Mini 3, iPad Mini 4, 9.NEW YORK : Oil prices rose about 2per cent on Tuesday on hopes that the Federal Reserve might ease up on its policy tightening after a key U.S. IPhone 12 Pro Max, iPhone 13 Pro Max, iPhone 14 Plus: 1284x2778 IPhone Xs Max, iPhone 11 Pro Max: 1242x2688 IPhone X, iPhone Xs, iPhone 11 Pro: 1125x2436 IPhone 6 plus, iPhone 6s plus, iPhone 7 plus, iPhone 8 plus: 1242x2208 IPhone 6, iPhone 6s, iPhone 7, iPhone 8: 750x1334 IPhone 5, iPhone 5s, iPhone 5c, iPhone SE: 640x1136 IPhone: iPhone 2G, iPhone 3G, iPhone 3GS: 320x480
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