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Oil rises 1% to snap 3-day losing streak after US Fed, BoE keep rates unchanged


Oil gained 1 per cent on Thursday, November 2, to snap a three-day losing streak as risk appetite returned to financial markets after the US Federal Reserve kept benchmark interest rates on hold.

Brent crude futures were up 91 cents, or 1.08 per cent, at $85.54 a barrel, while US West Texas Intermediate crude futures gained 83 cents, or 1.03 per cent, to $81.27 a barrel. 


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Updated: 02 Nov 2023, 08:24 PM IST

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