Oil Jumps as Easing US Manufacturing Supports Rate Cut Hopes
On Tuesday, oil prices spiked following an unexpected decline in the US manufacturing sector, which may prompt the Federal Reserve to cut rates. The US West Texas Intermediate (WTI) crude futures for June delivery advanced 0.62% to $83.36 per barrel on April 23. Furthermore, market analysts predict a 0.17% gain to $83.50 a barrel for …
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