Oil prices rise after US interest rate cut

BEIJING: Oil prices rose on Thursday after a large interest rate cut from the U.S. Federal Reserve, but concerns over global demand lingered and capped gains.

Brent crude futures for November were up 36 cents, or 0.5%, to $74.01 a barrel at 0618 GMT, while WTI crude futures for October were up 34 cents, or 0.3%, to $71.15 a barrel. The benchmarks recovered after falling in early Asian trade.