💨 Abstract
Oil prices rose more than 1% on Thursday due to potential supply cuts from Hurricane Rafael and expected tighter sanctions on Iran and Venezuela under President-elect Donald Trump. However, a strong dollar and lower crude imports in China limited gains. The U.S. Federal Reserve is expected to cut interest rates, which may boost economic activity and oil demand. The strong dollar and sluggish demand remain downside factors.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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