2% jump in oil prices
According to Webangah News quoted by Mehr News Agency quoted by Reuters news agency, the promising words of Jerome Powell, the head of the Federal Reserve (Central Bank of America) about The decrease in the interest rate in the United States caused an upward trend in oil prices in the market.
Accordingly, the price of black gold witnessed a 2% jump in today’s energy market transactions.
North Sea Brent oil increased by one dollar and 80 cents, to $79 and 2 cents It was traded per barrel. The price of Texas WestIntermediate oil also increased by one dollar and 82 cents to $74. and reached 83 cents per barrel.
Jerome Pavel in an interview with the media from the program Rizi has announced to reduce the interest rate to 2 percent. This issue means that the cost of borrowing will decrease and economic activities in America will flourish.
