Crude Oil Futures Surge as Bullish Sentiment Builds

Light crude oil futures have rallied sharply this week, supported by multiple key factors. The U.S. Federal Reserve’s aggressive rate cut, escalating geopolitical tensions between Israel and Hezbollah, and a significant drawdown in U.S. crude stockpiles have all contributed to higher prices. However, concerns over weak demand from China remain a limiting factor, creating mixed sentiment in the market. Fed Rate Cut Fuels Economic Optimism The Federal Reserve's decision to cut interest rates by 50 basis points has injected fresh momentum into…