Latest Market News Today Live Updates: July 13, 2024 – Catch the Market Wrap-Up, Nifty 50 and Sensex Movements, Top Gainers and Losers, and More!
Oil prices snapped a four-week winning streak on Friday after a weak US demand outlook ahead of possible Fed rate cuts. Brent crude futures settled 37 cents lower at $85.03 per barrel, with Brent futures falling more than 1.7% for the week. WTI futures also posted a 1.1% weekly decline.
The market update comes as investors closely monitor the impact of potential rate cuts by the Federal Reserve on oil demand. The uncertainty surrounding the Fed’s decision has led to fluctuations in oil prices in recent weeks.
Despite the recent decline, oil prices remain relatively high, with Brent trading at $85 per barrel. Analysts are keeping a close eye on the market dynamics to gauge the future direction of oil prices.
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