Day: September 19, 2024

Oil Prices Rise After US Interest Rate Cut

Oil prices rose on Thursday after a large interest rate cut from the US Federal Reserve, but concerns over global demand lingered and capped gains.

Brent crude futures for November were up 36 cents, or 0.5 percent, to USD 74.01 a barrel, while WTI cr…

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Bank of England Keeps Interest Rates Unchanged

The Bank of England (the central bank) on Thursday kept interest rates unchanged at 5 percent , despite the significant 50 basis point cut by the Federal Reserve (the US central bank).

The Bank of England’s Monetary Policy Committee said in a stateme…

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