Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: Oil prices set to record monthly loss on concerns of growing supply glut ...
Oil prices set to record monthly loss on concerns of growing supply glut
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#12d86ea3 ver:2.59
Concerns of a growing supply glut are causing oil prices to record a monthly loss for the second consecutive month. The International Energy Agency has lowered its oil demand growth forecast, while global oil supply is projected to increase. Despite a decrease in US crude inventories, oil prices fell. Last week, concerns about higher interest rates and inflation also contributed to a weekly loss. #OilPrices #SupplyGlut #DemandForecast #GlobalSupply #InterestRates #Inflation...
#newstr #Oil #SupplyGlut #BrentCrude #WestTexasIntermediate #Demand #Opec+ #OutputCuts #UsCrudeStocks #Houthis #InterestRates #Inflation #FedOfficials
https://here.news/story/12d86ea3?ver=2.59Published at
2024-05-31 10:59:56Event JSON
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"content": "Oil prices set to record monthly loss on concerns of growing supply glut\n===============\t\n#12d86ea3 ver:2.59\n\nConcerns of a growing supply glut are causing oil prices to record a monthly loss for the second consecutive month. The International Energy Agency has lowered its oil demand growth forecast, while global oil supply is projected to increase. Despite a decrease in US crude inventories, oil prices fell. Last week, concerns about higher interest rates and inflation also contributed to a weekly loss. #OilPrices #SupplyGlut #DemandForecast #GlobalSupply #InterestRates #Inflation...\n\n#newstr #Oil #SupplyGlut #BrentCrude #WestTexasIntermediate #Demand #Opec+ #OutputCuts #UsCrudeStocks #Houthis #InterestRates #Inflation #FedOfficials \n\n https://here.news/story/12d86ea3?ver=2.59",
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