Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Oil Prices Rise about 2% after Federal Reserve Hike


Wed 22 Mar 2023 | 11:54 PM
Taarek Refaat

Oil prices rose nearly 2% to a one-week high on Wednesday as the dollar fell to a six-week low after the fed made a small interest rate increase while hinting on future increases.

Brent crude futures rose 1.8% to $76.69 a barrel, while US West Texas Intermediate (WTI) rose 1.8% to $70.90.

It is the highest close for both benchmarks in a week.