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Oil rebounds on likely drop of US stockpiles, and optimism regarding rate cuts

[10/07/2024 02:40]

SINGAPORE - SABA
Oil prices recovered during early trading today, Wednesday, after three days of decline on reports of likely decline in US crude and fuel inventories last week, indicating stabilization in demand and with improved expectations related to lowering interest rates.
Brent crude futures rose 21 cents to $84.87 per barrel, after falling 1.3 percent in the previous session.