Oil prices steady at multi-month lows, set for weekly losses on rate fears
===============
#12d86ea3 ver:2.35
Oil prices remain steady at multi-month lows, set for weekly losses due to concerns over interest rates and lower-than-expected demand. Crude oil prices have declined by nearly 7% since April, with tensions in the Middle East easing and geopolitical concerns receding. The US economy has shown signs of a slowdown, further dampening energy consumption. However, recent strong economic data from China and the US, along with rising gasoline demand, have provided some support for oil prices. All eyes are now on the upcoming OPEC meeting on June 1 for further direction. #OilPrices #InterestRates #DemandConcerns #OPEC...
#newstr #OilMarket #UsDemand #OilPrices #BrentCrude #WtiCrude #InterestRates #UsFederalReserve #Inflation #GasolineDemand #Opec #MemorialDay
https://here.news/story/12d86ea3?ver=2.35
Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics /
npub1td…hqyzj
2024-05-24 04:57:59
Author Public Key
npub1tdsy7d22e97qkusgwml245jw5gnzgef3qu3wrjxymr4q6k7kxfzqahqyzjPublished at
2024-05-24 04:57:59Event JSON
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"content": "Oil prices steady at multi-month lows, set for weekly losses on rate fears\n===============\t\n#12d86ea3 ver:2.35\n\nOil prices remain steady at multi-month lows, set for weekly losses due to concerns over interest rates and lower-than-expected demand. Crude oil prices have declined by nearly 7% since April, with tensions in the Middle East easing and geopolitical concerns receding. The US economy has shown signs of a slowdown, further dampening energy consumption. However, recent strong economic data from China and the US, along with rising gasoline demand, have provided some support for oil prices. All eyes are now on the upcoming OPEC meeting on June 1 for further direction. #OilPrices #InterestRates #DemandConcerns #OPEC...\n\n#newstr #OilMarket #UsDemand #OilPrices #BrentCrude #WtiCrude #InterestRates #UsFederalReserve #Inflation #GasolineDemand #Opec #MemorialDay \n\n https://here.news/story/12d86ea3?ver=2.35",
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