WTI above $83 on hopes for interest rate cuts
U.S. crude oil moved nearly 2% higher Tuesday to top $83 a barrel on optimism that weak manufacturing data could accelerate interest rate cuts. U.S. manufacturing activity hit a four month low of 49.9 in April, according to the S&P Global Flash U.S. Composite PMI. A reading below 50 indicates that activity is contracting. Oil … Read more
