Oil prices rebounded Thursday after falling 10 percent in five
days.
The sharp downward move came after the OPEC+ meeting failed to take any
measures to further support prices.
With markets disappointed, several central
banks are desperate to cut interest rates soon.
But the Central Bank of
Canada's interest rate cut has raised hopes of cutting interest rates in industrialized
countries such as the United States, Europe and Britain. This caused oil prices
to rise somewhat.
Dr. Kamaran Qader Yaqub,
Financial Consultant at
Investment Spot company.
