Oil futures have climbed noticeably this week due to a fall in American 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.
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.