Brent Crude prices rise on rally in stock markets - ZENMoney

Brent Crude Prices rose due to a rally in stock markets and as it appeared Congress was close to an 11th-hour deal to raise the government's debt ceiling and prevent a default. A strengthening US dollar against basket of currencies limited the gains in the Brent prices. Due to the government shutdown, the US EIA did not release its more widely followed weekly oil inventory data. The brent prices fell during previous session on uncertainty over the outcome of talks over a US debt deal and as talks proceeded around an Iranian proposal to achieve a breakthrough in a decade-old standoff over its nuclear program.

Source : Equity Bulls

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