Oil prices fall as US rate cut fails to boost market sentiment
==========
Brent crude futures for November fell 34 cents to $73.31 a barrel; WTI crude futures for October declined 42 cents to $70.49 a barrel; U.S. Federal Reserve cut interest rates by 0.5 percentage points on September 18, 2024; concerns about U.S. economic slowdown overshadowed potential benefits of rate cuts; China's slowing economy and weak demand contributed to price decline; refinery output in China slowed for fifth month in August; Citi analysts predict a rebound in Chinese oil demand by 300,000 barrels per day in Q4 2024; tensions in the Middle East heightened after explosions linked to Hezbollah; Israeli officials reportedly linked to attacks.
#OilPrices #UsEconomy #FederalReserve #China #MiddleEast #BrentCrude #Wti #InterestRates #MarketSentiment #Energy
https://energy.economictimes.indiatimes.com/news/oil-and-gas/oil-prices-fall-as-us-rate-cut-fails-to-boost-market-sentiment/113474924
ETEnergyWorld /
npub1jf…mhdx0
2024-09-19 03:38:14
Author Public Key
npub1jfuqu4enygljd72mur59rsty4putkd4rs2cyclqrq54uatz7pe2s5mhdx0Published at
2024-09-19 03:38:14Event JSON
{
"id": "baf24b7624b8b1152035630f0711c658e650deae33bec4c8d4c92b31b776e01c",
"pubkey": "92780e5733223f26f95be0e851c164a878bb36a382b04c7c03052bceac5e0e55",
"created_at": 1726717094,
"kind": 1,
"tags": [],
"content": "Oil prices fall as US rate cut fails to boost market sentiment\n==========\n\nBrent crude futures for November fell 34 cents to $73.31 a barrel; WTI crude futures for October declined 42 cents to $70.49 a barrel; U.S. Federal Reserve cut interest rates by 0.5 percentage points on September 18, 2024; concerns about U.S. economic slowdown overshadowed potential benefits of rate cuts; China's slowing economy and weak demand contributed to price decline; refinery output in China slowed for fifth month in August; Citi analysts predict a rebound in Chinese oil demand by 300,000 barrels per day in Q4 2024; tensions in the Middle East heightened after explosions linked to Hezbollah; Israeli officials reportedly linked to attacks.\n\n#OilPrices #UsEconomy #FederalReserve #China #MiddleEast #BrentCrude #Wti #InterestRates #MarketSentiment #Energy\n\nhttps://energy.economictimes.indiatimes.com/news/oil-and-gas/oil-prices-fall-as-us-rate-cut-fails-to-boost-market-sentiment/113474924",
"sig": "bf71f7db00e66707656d3232210710b2fc88a25a9568a515128724f0c489b6bb0b235d0904f293d51fc5b17b20247feffd77c58cf24086932930a4969dc13003"
}