Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: Crude Oil Market Surges on Positive China, US Demand Hopes =============== #12d86ea3 ...

Crude Oil Market Surges on Positive China, US Demand Hopes
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#12d86ea3 ver:2.09

Crude oil prices surge on positive China and US demand hopes, with Brent crude recording its first weekly gain in three weeks. China's 6.7% rise in industrial output in April indicates stronger demand, while declines in inventories and a rise in the US oil rig count also contribute to optimism. Lower US interest rates could make oil cheaper for buyers holding other currencies. Investors await direction from the upcoming OPEC+ meeting on June 1. #CrudeOil #China #USDemand #OPEC...

#newstr #CrudeOilMarket #China #Us #Demand #BrentCrude #Wti #Opec+ #InterestRates #OilRigCount #Fire #TuapseOilRefinery #Ukraine

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