In a widely expected move, the Federal Reserve lowered interest rates this week. It reduced the federal funds rate by 0.5%, much bigger than the quarter-point cut many anticipated. The Fed has signaled that it will likely continue trimming interest rates in the coming months.

Oil prices rose by a dollar a barrel on Tuesday as supply disruptions mounted and traders bet that demand will grow if the U.S. Federal Reserve lowers borrowing costs this week, as is widely expected.

The Federal Reserve ’s decision Wednesday to start cutting interest rates could bolster green energy investments, which took a hit as the U.S. central bank drastically increased the cost of borrowing money over the past two years in a scramble to tamp down post-pandemic inflation.

Oil futures booked solid weekly gains, boosted by the Federal Reserve’s large interest-rate cut and a renewed rise in tensions in the Middle East.

Oil prices settled lower on Friday but recorded a second straight week of gains, garnering support from a U.S. interest rate cut and a dip in U.S. supply. Brent futures settled down 39 cents, or 0.52%,

Oil prices were slightly lower on Friday but recorded a weekly gain of more than 4 per cent on a large US interest rate cut and a drop in crude stocks. Brent, the benchmark for two thirds of the world's oil,

Oil prices were steady on Friday and set for a second straight week of gains, garnering support on a large cut in U.S. interest rates and a dip in U.S. supply. Brent futures were down 3 cents, or 0.04%,

China stocks closed higher on Friday, logging their first weekly gain in a month, as the jumbo US rate cut strengthened bets Beijing will soon unveil fresh stimulus. Hong Kong shares rose for the fifth day,