LONDON -Oil prices rebounded on Thursday as a potential pause in U.S. interest rate hikes and the passing of a crucial vote on the U.S. debt ceiling bill restored hopes of further demand growth in the world's biggest oil consumer. U.S. Federal Reserve officials on Wednesday suggested interest rates could be kept on hold this month and the U.S. House of Representatives passed a bill suspending the government's debt ceiling, improving the chance of averting a disastrous default. Brent crude futures rose 31 cents, or 0.

https://business.inquirer.net/403775/oil-rises-on-u-s-debt-bill-progress-and-potential-pause-in-rate-hikes

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