Oil Prices Hold Steady, Extending Last Week’s Gains on Fed Rate Cut Signals

Oil prices are stable at the opening bell, consolidating gains made last week after the U.S. Federal Reserve Chair opened the door to a potential interest rate cut in September. Brent crude is trading at $67.91 a barrel (+0.27%) after climbing almost 3% last week, while West Texas Intermediate (WTI) is at $63.84 a barrel (+0.28%).