Oil prices drop as concerns over interest rate policy and fuel demand persist
===============
#12d86ea3 ver:2.41
Oil prices drop as concerns over interest rates and fuel demand persist. Brent crude settles at $83.13/barrel, WTI at $78.73/barrel. Muted global demand, economic uncertainty, and lower-than-expected oil demand contribute to the decline. Tensions in the Middle East ease, but worries about the US economy emerge. Speculation of interest rate cuts and rising crude oil stockpiles add to oversupply concerns. Positive economic data from China and the US boosts prices, but concerns over inflation and high interest rates dampen sentiment. All eyes on OPEC+ meeting on June 1 for further direction. #OilPrices #InterestRates #FuelDemand #OPEC...
#newstr #OilPrices #InterestRatePolicy #FuelDemand #BrentCrude #UsWestTexasIntermediate #FederalReserve #Opec+ #CrudeOilInventories
https://here.news/story/12d86ea3?ver=2.41
Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics /
npub1td…hqyzj
2024-05-25 23:02:31
Author Public Key
npub1tdsy7d22e97qkusgwml245jw5gnzgef3qu3wrjxymr4q6k7kxfzqahqyzjPublished at
2024-05-25 23:02:31Event JSON
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"content": "Oil prices drop as concerns over interest rate policy and fuel demand persist\n===============\t\n#12d86ea3 ver:2.41\n\nOil prices drop as concerns over interest rates and fuel demand persist. Brent crude settles at $83.13/barrel, WTI at $78.73/barrel. Muted global demand, economic uncertainty, and lower-than-expected oil demand contribute to the decline. Tensions in the Middle East ease, but worries about the US economy emerge. Speculation of interest rate cuts and rising crude oil stockpiles add to oversupply concerns. Positive economic data from China and the US boosts prices, but concerns over inflation and high interest rates dampen sentiment. All eyes on OPEC+ meeting on June 1 for further direction. #OilPrices #InterestRates #FuelDemand #OPEC...\n\n#newstr #OilPrices #InterestRatePolicy #FuelDemand #BrentCrude #UsWestTexasIntermediate #FederalReserve #Opec+ #CrudeOilInventories \n\n https://here.news/story/12d86ea3?ver=2.41",
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