Oil futures have climbed noticeably this week due to a fall in Iranian exports and speculation that Fedthe Federal Reserveeral 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 the Federal Reserve 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.