Crude oil comment: Tight here and now

Brent crude prices have risen by USD 2.

75 per barrel (3. 7%) since the start of the week, now trading at USD 74.

5 per barrel.

This price jump follows significant macroeconomic developments, most notably the Federal Reserve’s decision to implement a “larger” rate cut of 0.

50 percentage points, bringing the target range to 4.

75-5.

00%.

The move, driven.