Crude Oil Prices Remain Under Speculative Pressures, Opening Week with Similar Values as Last Week
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#12d86ea3 ver:2.05
Crude oil prices remain under pressure due to weak US jobs data and concerns about the timing of a Federal Reserve interest rate cut. Brent crude futures settled at $82.96 a barrel and US WTI crude settled at $78.11 a barrel, marking the steepest weekly loss in three months. The decline is attributed to lower-than-expected US job growth and cooling wage gains, prompting speculation of a September interest rate cut. Geopolitical risk premiums have faded, and OPEC+ may extend oil output cuts if demand does not increase. Saudi Arabia's raising of official selling prices signals expectations of strong summer demand. #CrudeOil #OilPrices #FederalReserve #InterestRates...
#newstr #CrudeOil #WtiCrudeOil #SpeculativePressure #SupportLevel #PriceRange
https://here.news/story/12d86ea3?ver=2.05
Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics /
npub1td…hqyzj
2024-05-12 08:58:36
Author Public Key
npub1tdsy7d22e97qkusgwml245jw5gnzgef3qu3wrjxymr4q6k7kxfzqahqyzjPublished at
2024-05-12 08:58:36Event JSON
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"content": "Crude Oil Prices Remain Under Speculative Pressures, Opening Week with Similar Values as Last Week\n===============\t\n#12d86ea3 ver:2.05\n\nCrude oil prices remain under pressure due to weak US jobs data and concerns about the timing of a Federal Reserve interest rate cut. Brent crude futures settled at $82.96 a barrel and US WTI crude settled at $78.11 a barrel, marking the steepest weekly loss in three months. The decline is attributed to lower-than-expected US job growth and cooling wage gains, prompting speculation of a September interest rate cut. Geopolitical risk premiums have faded, and OPEC+ may extend oil output cuts if demand does not increase. Saudi Arabia's raising of official selling prices signals expectations of strong summer demand. #CrudeOil #OilPrices #FederalReserve #InterestRates...\n\n#newstr #CrudeOil #WtiCrudeOil #SpeculativePressure #SupportLevel #PriceRange \n\n https://here.news/story/12d86ea3?ver=2.05",
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