Oil Prices Rise After US Interest Rate Cut

Oil prices rose today after a large interest rate cut from the US Federal Reserve, but concerns over global demand lingered and capped gains. Brent crude futures for November were up 36 cents, or 0.5 percent, to USD 74.01 a barrel, while WTI crude futures for October were up 34 cents, or 0.3 percent, to USD 71.15 a barrel. The benchmarks recovered after falling in early Asian trade. Source: Oman News Agency