Oil Stabilizes Amid Expectations of September U.S. Rate Cut, Balancing Stock Builds
Brent crude futures, a key benchmark, edged up by 25 cents or 0.3% to reach $78.66 a barrel, while U.S. West Texas Intermediate crude futures rose by 31 cents or 0.4% to $74.38. This stability came amidst a backdrop of growing anticipation for an interest rate cut from the U.