Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: Oil Prices Continue to Decline on Weak Fuel Demand and Strong Dollar =============== ...
Oil Prices Continue to Decline on Weak Fuel Demand and Strong Dollar
===============
#12d86ea3 ver:2.06
Oil prices continue to decline due to weak fuel demand, a strong dollar, and concerns about the timing of a Federal Reserve interest rate cut. The decline in prices is also attributed to weaker-than-expected US jobs data and the possibility of higher borrowing costs curbing economic growth. The ongoing Israel-Hamas war and OPEC's production policies are also influencing prices. Traders will be monitoring geopolitical crises, global growth outlook, the US dollar, and the Fed's rate cut decisions to determine the future direction of oil prices. #OilPrices #FuelDemand #InterestRates #USJobsData #OPEC...
#newstr #Oil #FuelDemand #Dollar #CrudeOil #Opec #Iraq
https://here.news/story/12d86ea3?ver=2.06Published at
2024-05-13 02:58:07Event JSON
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"content": "Oil Prices Continue to Decline on Weak Fuel Demand and Strong Dollar\n===============\t\n#12d86ea3 ver:2.06\n\nOil prices continue to decline due to weak fuel demand, a strong dollar, and concerns about the timing of a Federal Reserve interest rate cut. The decline in prices is also attributed to weaker-than-expected US jobs data and the possibility of higher borrowing costs curbing economic growth. The ongoing Israel-Hamas war and OPEC's production policies are also influencing prices. Traders will be monitoring geopolitical crises, global growth outlook, the US dollar, and the Fed's rate cut decisions to determine the future direction of oil prices. #OilPrices #FuelDemand #InterestRates #USJobsData #OPEC...\n\n#newstr #Oil #FuelDemand #Dollar #CrudeOil #Opec #Iraq \n\n https://here.news/story/12d86ea3?ver=2.06",
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