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
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wss://relay.damus.ioPublished at
2024-09-19 03:38:14Event JSON
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"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",
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