2% jump in oil prices – Mehr news agency RCO News Agency

According to Mehr news agency, quoted by Reuters news agency, promising talks Jerome Powell, the head of the Federal Reserve (Central Bank of America), said that the interest rate cut in the United States caused an upward trend in the price of oil in the market.

Accordingly, the price of black gold witnessed a 2% jump in today’s energy market transactions.

oil Brent The North Sea was traded at $79.2 cents per barrel, with an increase of one dollar and 80 cents. oil price West Texas intermediate America also increased by 1 dollar and 82 cents, reaching 74 dollars and 83 cents per barrel.

Jerome Pavel in an interview with the media from the program tiny He announced to reduce the interest rate to 2%. This means that the cost of borrowing will be reduced and economic activities in America will flourish.