U.S. Oil Prices Rise as Manufacturing Slows from tiger price Watch Video

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✓ Published: 24-Apr-2024

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U.S. oil prices rose yesterday in response to hopes that interest rate cuts could be on their way.According to the S&P flash U.S. manufacturing survey showed American manufacturing fell to a four month low in March, with a reading of 49.9.A reading below 50 suggests the economy is contracting, which could push the Fed to cut rates sooner rather than wait for later in the year.