Due to the decline in expectations of a US interest rate cut, a decline in oil prices

Oil prices fell, recording a third weekly loss in a row, at a time when investors are weighing reassurances from OPEC+ with the latest US jobs data that affects expectations that the Federal Reserve will cut interest rates soon.

Price movements

Brent crude futures fell 25 cents to $79.62 per barrel at settlement, and US West Texas Intermediate crude futures fell two years to $75.53 at settlement.

Data showed that job growth in the United States accelerated much more than expected in May, keeping the Federal Reserve on track to delay the start of cutting interest rates until September at the earliest.

The exchange rate of the dollar in Lebanon today, moment by moment

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