An article on CNN Money correlates lower US interest rates with higher crude oil prices.
How a Fed rate cut raises oil prices
The reason is that lower interest rates spurs economic growth which in turn means higher demand for energy. In addition, since oil is priced in dollars, the cheaper dollar (which is implied with lower rates) means that oil will be cheaper for foreign consumers and thus incites demand as well.
According to CNN Money, "The real question is this: Is a rate cut already priced into the cost of a barrel and, if not, how much higher is crude expected to go?"
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