November 22, 2024 19:03 (IST)
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Oil gains after US inflation data pushes Wall Street to lift Fed rate cut bets

Washington/IBNS: Crude oil prices extended gains on Thursday (July 11), keeping the Brent crude benchmark above the $85 per barrel-mark, after Wall Street experts lifted bets on interest rate cuts by the United States Federal Reserve, reports Mint.

US crude oil production increases slightly: EIA

Houston, May 30 (Xinhua/UNI) US crude oil production increased slightly during the week ending May 24, US Energy Information Administration (EIA) said.