Oil rises as Fed cuts interest rates

Fed said the rate cut should help return inflation to its 2% target

Oil price: Brent posted a monthly decline of 2.1%
Oil price: Brent posted a monthly decline of 2.1%Photo: REUTERS/SCANPIX
Published 31 July 2019, 22:42Updated 31 July 2019, 22:42
ProductionNorth America