Oil Prices Rise Slightly — Details

Oil prices edged higher on Monday, as expectations of a U.S. interest rate cut boosted the global growth outlook and demand for fuel.

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According to Bloomberg, Brent crude futures rose by 6 cents, or 0.09%, to $67.79 a barrel.

West Texas Intermediate (WTI) U.S. crude futures gained 9 cents, or 0.14%, to $63.75 a barrel.

Investor appetite for risk increased after Federal Reserve Chairman Jerome Powell signaled on Friday the possibility of an interest rate cut at the U.S. central bank’s meeting next month. — (Petra)