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2021-02-25

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Oil prices hit 11-mth highs on tighter supplies, Fed assurance on low rates

SINGAPORE, Feb 25 (Reuters) - Oil prices rose for a fourth straight session on Thursday to the highe

Oil prices hit 11-mth highs on tighter supplies, Fed assurance on low rates

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12:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SINGAPORE, Feb 25 (Reuters) - Oil prices rose for a fourth straight session on Thursday to the highest levels in more than 11 months, underpinned by monetary easing policies and lower crude production in the United States.</p>\n<p>Brent crude futures for April gained 19 cents, 0.3%, to $67.23 a barrel by 0400 GMT, while U.S. West Texas Intermediate crude for April was at $63.30 a barrel, up 8 cents, 0.1%.</p>\n<p>Both contracts touched their highest since January earlier in the session with Brent at $67.44 and WTI at $63.67.</p>\n<p>An assurance from the U.S. Federal Reserve that interest rates would stay low for a while boosted investors' risk appetite and global financial markets.</p>\n<p>\"Comments from Fed Chairman, Jerome Powell, earlier in the week relating to the need for monetary policy to remain accommodative have probably helped, but sentiment in the oil market has also become more bullish, with expectations for 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prices.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2114313681","content_text":"SINGAPORE, Feb 25 (Reuters) - Oil prices rose for a fourth straight session on Thursday to the highest levels in more than 11 months, underpinned by monetary easing policies and lower crude production in the United States.\nBrent crude futures for April gained 19 cents, 0.3%, to $67.23 a barrel by 0400 GMT, while U.S. West Texas Intermediate crude for April was at $63.30 a barrel, up 8 cents, 0.1%.\nBoth contracts touched their highest since January earlier in the session with Brent at $67.44 and WTI at $63.67.\nAn assurance from the U.S. Federal Reserve that interest rates would stay low for a while boosted investors' risk appetite and global financial markets.\n\"Comments from Fed Chairman, Jerome Powell, earlier in the week relating to the need for 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Oil prices hit 11-mth highs on tighter supplies, Fed assurance on low rates

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