U.S. Oil Prices Rise as Manufacturing Slows from arbi anty feding s Watch Video

⏲ Duration: 0:58
👁 View: 7.1M times
✓ Published: 24-Apr-2024

Description:
U.S. oil prices rose yesterday in response to hopes that interest rate cuts could be on their way.According to the S&P flash U.S. manufacturing survey showed American manufacturing fell to a four month low in March, with a reading of 49.9.A reading below 50 suggests the economy is contracting, which could push the Fed to cut rates sooner rather than wait for later in the year.