Oil Prices Hover near Lowest in Six Weeks

LONDON, July 24 Reuters Oil prices traded around their lowest level in six weeks on Wednesday, as the northern hemisphere gets deeper into summer with limited signs of the expected fuel consumption surge the period usually sees. Wednesday saw only a slight reprieve, as prices snapped three straight sessions of decline on falling U.S. crude […]
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Bank of England Policymakers Split on when to Cut Rates

LONDON, July 24 Reuters Bank of England Chief Economist Huw Pill said earlier this month that it was an open question whether the BoE would cut interest rates on Aug. 1, despite inflation returning to its 2 target, as underlying price pressures showed uncomfortable strength. In June, the BoE39;s Monetary Policy Committee voted 72 to keep […]
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