Oil prices rose on Thursday on the prospect the U.S. may start buying crude for its petroleum reserve, after prices sank to a seven-week low on hopes for an ...
TOKYO - Oil prices rose on Thursday on the prospect the U.S. may start buying crude for its petroleum reserve , after prices sank to a seven-week low on hopes for an Israel-Gaza ceasefire, doubts about U.S. interest rate cuts and swelling oil inventories.
In the Middle East, expectations grew that a ceasefire agreement between Israel and Hamas could be in sight following a renewed push led by Egypt. The Fed's latest policy statement did note that "inflation has eased". Any delay in rate cuts could slow economic growth and dampen demand for oil.This dividend stock is near 52-week highs, but still down from all-time highs, with a highly valuable P/E ratio you won't want to miss. The post 1 Magnificent Dividend Stock That’s Down 21% and Trading at a Once-in-a-Decade Valuation appeared first on The Motley Fool Canada.Bitcoin Plunges. Here’s Why and How Far Prices Could Fall.
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