March 8, 2026

Oil Surges More Than 3% As Fed’s Powell Eases Rate Hike Concerns

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Oil Surges More Than 3% As Fed’s Powell Eases Rate Hike Concerns

 

Brent crude futures were up $2.70, or 3.3%, to $83.69 a barrel, while U.S. West Texas Intermediate crude futures rose $3.03, or 4.1%, to $77.14 per barrel.