Oil prices set to end week higher after US rate cut
==========
Brent futures trading at US$73.69 a barrel, down 0.3% on Friday; gained 4.3% this week; U.S. crude at US$72.01 a barrel, up 6 cents, with weekly gains of 4.8%; U.S. central bank cut interest rates by 0.5% on September 18, 2024; crude inventories in the U.S. fell to a one-year low; counter-seasonal oil market deficit of 400,000 bpd expected to support prices in $70-$75 range; rising tensions in the Middle East affecting prices; weak demand from China's economy impacting market.
#OilPrices #UsRateCut #BrentFutures #CrudeOil #EconomicImpact #MiddleEastTensions #ChinaEconomy #MarketTrends #InterestRates #GlobalStockpiles
https://www.nst.com.my/business/economy/2024/09/1108060/oil-prices-set-end-week-higher-after-us-rate-cut
New Straits Times /
npub1da…x087j
2024-09-20 01:48:05
Author Public Key
npub1da9xhqetht0hvcwa6g5ftpl58zs3zymrtf6t69rfw66hr2uk6gnq9x087jPublished at
2024-09-20 01:48:05Event JSON
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"content": "Oil prices set to end week higher after US rate cut\n==========\n\nBrent futures trading at US$73.69 a barrel, down 0.3% on Friday; gained 4.3% this week; U.S. crude at US$72.01 a barrel, up 6 cents, with weekly gains of 4.8%; U.S. central bank cut interest rates by 0.5% on September 18, 2024; crude inventories in the U.S. fell to a one-year low; counter-seasonal oil market deficit of 400,000 bpd expected to support prices in $70-$75 range; rising tensions in the Middle East affecting prices; weak demand from China's economy impacting market.\n\n#OilPrices #UsRateCut #BrentFutures #CrudeOil #EconomicImpact #MiddleEastTensions #ChinaEconomy #MarketTrends #InterestRates #GlobalStockpiles\n\nhttps://www.nst.com.my/business/economy/2024/09/1108060/oil-prices-set-end-week-higher-after-us-rate-cut",
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