September 11, 2024

Oil ends higher as Powell’s Fed policy comments lift prospects for U.S. energy demand

 Oil ends higher as Powell’s Fed policy comments lift prospects for U.S. energy demand

Oil ends higher as Powell’s Fed policy comments lift prospects for U.S. energy demand

Oil futures settled higher Friday, extending a bounce from the previous session, after comments from head of the Federal Reserve confirmed prospects for interest-rate cuts that would help strengthen the economy — and demand for crude.