Oil prices rose today, extending yesterday\u2019s rally on large US crude exports and bullish economic sentiment. Analysts are beginning to speculate that central banks are nearing the end of rate hikes. “Crude prices are rallying after the U.S. economy bounced back last quarter,” said Edward Moya, senior market analyst at OANDA, referring to strong corporate earnings reports in the latest quarter, though he added oil\u2019s gains were capped by the view that economic slowdown remains. The dollar touched one-month lows earlier today but traded up later in the session. WTI traded up $1.17 or 1.3% to close at $89.08. Brent traded up $1.27 or 1.3% to close at $96.96.<\/p>\n\n\n\n
Oil prices rose today, extending yesterday\u2019s rally on large US crude exports and bullish economic sentiment<\/p>\n","protected":false},"author":2,"featured_media":6111,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-7794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-petroleum-daily"],"yoast_head":"\n