💨 Abstract

Oil prices rose nearly 1% on Thursday as President-elect Donald Trump's policies and Hurricane Rafael's impact on supply were weighed. The market anticipates Trump's administration may tighten sanctions on Iran and Venezuela, reducing supply. The U.S. Federal Reserve's interest rate cut and supply cuts due to Hurricane Rafael also supported prices. However, a strong dollar and lower crude imports in China limited gains.

Courtesy: theprint.in

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