The price of Brent crude was up during Thursday’s early trading resulting from a pause in the U.S. Federal Reserve’s (Fed) interest rate until 2021 that caused a decline in the American dollar and intensified oil demand.
International benchmark Brent crude was trading at $64.02 per barrel at 0700 GMT on Thursday for a 0.14% gain after it closed the previous session at $63.93 a barrel.
American benchmark West Texas Intermediate (WTI), however, was at $58.89 a barrel at the same time for a 0.08% decrease after ending the previous day at $58.94 per barrel.
In its December meeting
Read more: Brent gains with Fed's rate pause causing weaker dollar