Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: OPEC+ Extends Production Cuts Through 2025 to Support Weaker Crude Prices ...

OPEC+ Extends Production Cuts Through 2025 to Support Weaker Crude Prices
===============
#12d86ea3 ver:2.68

#OPEC+ extends production cuts through 2025 to support weaker crude prices. Saudi Arabia and allied countries will maintain production levels, including collective cuts of 2 million barrels per day. The move aims to boost oil prices for Saudi Arabia's economic diversification and Russia's stability. Despite ongoing turmoil and summer travel, oil prices remain stagnant due to higher interest rates, slower economic growth, and rising non-OPEC supply. US oil demand has also decreased, impacting prices. Investors should monitor US economic data for potential trading opportunities. #oilprices #OPEC #crudeoil...

#newstr #Opec #OilProduction #CrudePrices #SaudiArabia #Russia

https://here.news/story/12d86ea3?ver=2.68