UPI.com | US oil settles down 1.7%, at $44.60 a barrel CNBC "The rate cut does give some support to demand expectations so oil's gone a bit higher and it's a little bit positive for the moment," said Hans van Cleef, senior energy economist at ABN Amro in Amsterdam. "However as soon as supply data comes out, and ... Crude oil loses ground in early Friday trading China bank move lifts oil Oil prices lift in the wake of ECB comments |