# Oil ends week higher as investors take stock of Fed rate cuts

> Brent settled down 39 cents at $74.49 a barrel and WTI fell 3 cents to $71.92 at the end of a week of trading. Prices had risen more than 1% on the prior Thursday after the Federal Reserve cut interest rates by half a point.

- Date: 2024-09-20 · published 2024-09-20T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/28215-oil-ends-week-higher-as-investors-take-stock-of-fed-rate-cuts
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A weaker dollar after the Fed cut supports dollar-priced energy, but the small weekly moves show crude is still driven by demand and supply factors rather than rates, so feed-cost effects are limited.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-set-end-week-higher-after-us-rate-cut-2024-09-20/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.