Oil rises on prospects of less aggressive U.S. rate hike

Written by on July 15, 2022

A motorist waiting for service at a gas station in Quezon City, Metro Manila, the Philippines, on Tuesday, July 12, 2022. Oil prices rose on Friday amid prospects of a less aggressive U.S. rate hike, although worries about a recovery in demand capped gains.

Veejay Villafranca | Bloomberg | Getty Images

Oil prices rose on Friday amid prospects of a less aggressive U.S. rate hike, although worries about a recovery in demand capped gains.

Brent crude futures for September delivery rose $1.25 . . .



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