August 8, 2024

Oil Prices Rise Amid Sharp Fall in US Crude Inventories

Oil prices edged higher today for the third straight session after government data showed a steep draw in US crude stockpiles, rebounding from multi-month lows this week.

Brent crude futures rose 23 cents, or 0.3%, at $78.56 a barrel, while

Gold Prices Rise Amid Optimism About US Interest Rate Cut

Gold prices rose amid optimism about a cut in US interest rates, while traders are awaiting economic data for clues on the path that the Federal Reserve (the US central bank) will follow.

Safe-haven spot gold rose 0.3 percent to

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