Oil Prices Drop Sharply, Marking Steepest Weekly Decline in Three Months
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#12d86ea3 ver:1.95
Oil prices recorded their sharpest weekly decline in three months due to concerns over weak U.S. jobs data and the potential timing of a Federal Reserve interest rate cut. Brent crude settled at $82.96 a barrel, while U.S. West Texas Intermediate crude closed at $78.11 a barrel. Geopolitical tensions eased as ceasefire talks progressed, and OPEC+ may extend output cuts if global demand doesn't pick up. Despite fluctuations, the market brushed aside potential supply disruptions. Future data releases will shape oil prices. #OilPrices #FederalReserve #OPEC #Geopolitics...
#newstr #OilPrices #UsJobsData #FederalReserve #InterestRateCut #BrentCrudeOil #UsWestTexasIntermediateCrudeOil #GeopoliticalTensions #IsraelhamasConflict #Opec+ #GlobalOilDemand
https://here.news/story/12d86ea3?ver=1.95
Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics /
npub1td…hqyzj
2024-05-04 10:01:37
Author Public Key
npub1tdsy7d22e97qkusgwml245jw5gnzgef3qu3wrjxymr4q6k7kxfzqahqyzjPublished at
2024-05-04 10:01:37Event JSON
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"content": "Oil Prices Drop Sharply, Marking Steepest Weekly Decline in Three Months\n===============\t\n#12d86ea3 ver:1.95\n\nOil prices recorded their sharpest weekly decline in three months due to concerns over weak U.S. jobs data and the potential timing of a Federal Reserve interest rate cut. Brent crude settled at $82.96 a barrel, while U.S. West Texas Intermediate crude closed at $78.11 a barrel. Geopolitical tensions eased as ceasefire talks progressed, and OPEC+ may extend output cuts if global demand doesn't pick up. Despite fluctuations, the market brushed aside potential supply disruptions. Future data releases will shape oil prices. #OilPrices #FederalReserve #OPEC #Geopolitics...\n\n#newstr #OilPrices #UsJobsData #FederalReserve #InterestRateCut #BrentCrudeOil #UsWestTexasIntermediateCrudeOil #GeopoliticalTensions #IsraelhamasConflict #Opec+ #GlobalOilDemand \n\n https://here.news/story/12d86ea3?ver=1.95",
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