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Reuters

Reuters

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Business & Economics

Oil rises from two-month highs on optimism over policy support for growth

Reuters
Summary
Nutrition label

81% Informative

Brent crude futures rose 16 cents , or 0.2% , to $ 76.09 a barrel by 0132 GMT after settling at its highest since Oct. 25 .

U.S. West Texas Intermediate crude was at $ 73.32 a barrel on Friday , up 19 cents ,.

Both contracts are on track for their second weekly increase with investors back from holidays, improving trade liquidity.

Investors are eyeing further interest rate cuts by the Federal Reserve this year to support its economy.

VR Score

92

Informative language

99

Neutral language

66

Article tone

formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

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