Crude Oil Prices Drop as OPEC+ Plans to Phase Out Voluntary Production Cuts
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#80409bb8 ver:0.11
Crude oil prices drop as OPEC+ plans to phase out voluntary production cuts, causing concerns about demand outlook. Brent crude futures settle at $78.36/barrel, WTI crude futures at $74.22/barrel. Analysts view the outcome as negative for oil prices due to desire to increase output despite global oil stocks. High interest rates and rising output from non-OPEC producers also contribute to bearish sentiment. Weakening demand growth and US fuel consumption data further weigh on prices. #OilPrices #OPEC #DemandOutlook...
#newstr #CrudeOil #Opec+ #ProductionCuts #OilPrices #DemandOutlook #BrentCrude #WtiCrude #SaudiArabia #Russia #GlobalOilStocks #InterestRates #NonopecProducers #FuelConsumption
https://here.news/story/80409bb8?ver=0.11
OPEC+ Meeting Delayed as Uncertainty Surrounds Oil Prices in Asia /
npub1je…8wxug
2024-06-04 07:07:09
Author Public Key
npub1jej4kkjg8encucpkeuplkp5are5rwp4yv60nrmyyk30w8eas80gqg8wxugPublished at
2024-06-04 07:07:09Event JSON
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"content": "Crude Oil Prices Drop as OPEC+ Plans to Phase Out Voluntary Production Cuts\n===============\t\n#80409bb8 ver:0.11\n\nCrude oil prices drop as OPEC+ plans to phase out voluntary production cuts, causing concerns about demand outlook. Brent crude futures settle at $78.36/barrel, WTI crude futures at $74.22/barrel. Analysts view the outcome as negative for oil prices due to desire to increase output despite global oil stocks. High interest rates and rising output from non-OPEC producers also contribute to bearish sentiment. Weakening demand growth and US fuel consumption data further weigh on prices. #OilPrices #OPEC #DemandOutlook...\n\n#newstr #CrudeOil #Opec+ #ProductionCuts #OilPrices #DemandOutlook #BrentCrude #WtiCrude #SaudiArabia #Russia #GlobalOilStocks #InterestRates #NonopecProducers #FuelConsumption \n\n https://here.news/story/80409bb8?ver=0.11",
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