💨 Abstract

Oil prices slightly rose on Monday due to Middle East conflict concerns and anticipation of increased demand following the U.S. interest rate cut. Brent crude and U.S. crude futures were up by 0.3% each. The U.S. Fed cut rates by half a percentage point last week, which typically boosts economic activity and energy demand. However, analysts are worried about a slowing job market.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖