Crude Oil Prices Experience Steepest Weekly Decline in Three Months Amid Weak US Job Growth, but Nudge Higher After Saudi Arabia Hikes Prices
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#12d86ea3 ver:2.04
Crude oil prices experience steepest weekly decline in 3 months due to weak US job growth and concerns about Fed interest rate cut. However, prices nudge higher after Saudi Arabia hikes prices, signaling strong demand. Geopolitical tensions ease, US rigs decrease, and supply-demand concerns contribute to current 2-month low prices. Traders monitor geopolitical crises, global growth, US dollar, and Fed rate decisions for future direction. #OilPrices #USJobs #Fed #SaudiArabia #Geopolitics...
#newstr #CrudeOilPrices #UsJobsData #FederalReserveInterestRateCut #EconomicGrowth #OilDemand #UsJobGrowth #AnnualWageGain #InterestRates #OilConsumer #GeopoliticalRiskPremiums #IsraelhamasWar #Opec+ #OilOutputCuts #UsEnergyCompanies #RigCount #SaudiArabia #GazaCeasefire #OilProducingRegion
https://here.news/story/12d86ea3?ver=2.04
Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics /
npub1td…hqyzj
2024-05-12 07:57:55
Author Public Key
npub1tdsy7d22e97qkusgwml245jw5gnzgef3qu3wrjxymr4q6k7kxfzqahqyzjPublished at
2024-05-12 07:57:55Event JSON
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"content": "Crude Oil Prices Experience Steepest Weekly Decline in Three Months Amid Weak US Job Growth, but Nudge Higher After Saudi Arabia Hikes Prices\n===============\t\n#12d86ea3 ver:2.04\n\nCrude oil prices experience steepest weekly decline in 3 months due to weak US job growth and concerns about Fed interest rate cut. However, prices nudge higher after Saudi Arabia hikes prices, signaling strong demand. Geopolitical tensions ease, US rigs decrease, and supply-demand concerns contribute to current 2-month low prices. Traders monitor geopolitical crises, global growth, US dollar, and Fed rate decisions for future direction. #OilPrices #USJobs #Fed #SaudiArabia #Geopolitics...\n\n#newstr #CrudeOilPrices #UsJobsData #FederalReserveInterestRateCut #EconomicGrowth #OilDemand #UsJobGrowth #AnnualWageGain #InterestRates #OilConsumer #GeopoliticalRiskPremiums #IsraelhamasWar #Opec+ #OilOutputCuts #UsEnergyCompanies #RigCount #SaudiArabia #GazaCeasefire #OilProducingRegion \n\n https://here.news/story/12d86ea3?ver=2.04",
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