In the previous session, prices edged up to a week's high on data of rising import in China in April
In the previous session, prices edged up to a week's high on data of rising import in China in AprilTOKYO – Oil prices rose on Friday, continuing upwards trend on the signs of improving economy in China and as negotiations to halt hostilities in the stand-off between Israel and Hamas yielded no results.
In the previous session, oil prices edged up to a one-week high on data of rising crude oil imports in China in April and as investors saw the cooling US job market as an indication of possible interest rate cuts. "Ongoing signs of strength in demand in China should see commodity market remain well supported," ANZ Research said in a note.
Daly did not say if she felt the US central bank was likely or not to cut interest rates this year. Financial markets expect the US central bank to start its easing cycle in September.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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