Oil futures have risen noticeably this week due to a fall in Iranian exports and speculation that the Federal Reserve is attempting to cut borrowing costs . Oil futures in New prices rose for a fourth consecutive day on 30 July , with investors announcing their exposure in anticipation of an announcement that the Fed would cut rates for the first time in more than a decade .
Oil futures have climbed noticeably this week due to a fall in Iranian exports and speculation that the Federal Reserve is set to cut borrowing costs. Oil futures in New York rose for a fourth consecutive day on 30 July, with investors increasing their exposure in anticipation of an announcement that the Fed will cut rates for the first time in more than a decade.