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0.000348650721707073 0 0.000348650721707073 0.000348650721707073 0.000275434070148552 0.000557841154731277 0.000348650721707073 0.000697301443413948
Stock impact report

U.S. crude oil rises more than 1%, closes above $71 per barrel amid Fed rate cut optimism [MSNBC.com]

Chevron Corporation (CVX) 
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
Company Research Source: MSNBC.com
U.S. crude oil rose above $71 per barrel on Tuesday, as optimism grows that the Federal Reserve will cut interest rates this week and production is still disrupted in the Gulf of Mexico."Supply disruptions are making their mark, including Hurricane Francine's impact on US Gulf of Mexico infrastructure," said Svetlana Tretyakova, senior analyst at Rystad ."Expectations of a US Federal Reserve rate cut are gaining momentum, which could be good news for demand," Tretyakova said.Here are Tuesday's closing energy prices:Around 100,000 barrels per day remained offline in the Gulf as of Tuesday due to Hurricane Francine, according to theBureau of Safety and Environmental EnforcementThe oil market is also bracing for the Fed's decision Wednesday on interest rates. The central bank is widely expected to lower rates, though Wall Street is divided on the magnitude of the cut.U.S. crude oil is down more than 12% this quarter while has fallen more than 13% as demand slows in China, the world's la Show less Read more
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