NEW YORK: Oil prices jumped on Tuesday, settling up about 2%, boosted by a falling US dollar, hopes for higher demand in the developing world and supply cuts by the world's biggest oil exporters. Brent futures rose US$ 1.71, or 2.2%, to settle at US$ 79.40 a barrel....
US West Texas Intermediate( WTI) crude rose US$ 1.84, or 2.5%, to settle at US$ 74.83. Brent's settlement was its highest since April 28 and WTI's since May 1....
Brent was in technically overbought territory for the second time
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2023-07-17 00:00:00.0