Tag: optimism,
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Oil rises on debt ceiling optimism, OPEC uncertainty caps gains
[ad_1] Investing.com — Oil prices rose in Asian trade on Friday as markets cheered the approval of a bill to raise the U.S. debt ceiling and avoid a default, although uncertainty ahead of an OPEC meeting over the weekend kept gains in check. The U.S. Senate voted in favor of a bipartisan bill to increase…
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Crude oil continues to climb on China reopening optimism, U.S. CPI
[ad_1] By Peter Nurse Investing.com — Oil prices rose Thursday, climbing for the sixth consecutive session on optimism over China’s demand growth as well as U.S. consumer inflation data pointing to a slower increase in interest rates. By 09:00 ET (14:00 GMT), futures traded 2.1% higher at $79.00 a barrel, while the contract rose 1.9%…