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. The Dow Jones industrial average rose more than 200 points on Tuesday after falling as much as 500 points earlier in the day.
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.