Oil Prices Rise Amid Rate Cut Cheer and Summer Demand Hopes
===============
#909cfb47 ver:1.35
Oil prices rise as summer demand in the US picks up and there are hopes for interest rate cuts by the Federal Reserve. Brent crude futures have increased by 7% in the past four weeks, while WTI crude futures have climbed by 9%. Geopolitical tensions in the Middle East and a drawdown in inventories have also contributed to the rise. However, there are signs of less-than-expected demand growth in Asia and indications of subsiding inflation and contracting US manufacturing activity. #OilPrices #SummerDemand #InterestRateCuts #GeopoliticalTensions...
#newstr #OilPrices #RateCuts #SummerDemand #BrentOilFutures #WestTexasIntermediateCrudeFutures #IsraelhamasCeasefire #Profittaking #FuelDemand #China
https://here.news/story/909cfb47?ver=1.35
Oil Prices Fall on US Inventory Build and Inflation Concerns /
npub10d…d2x8t
2024-07-12 03:07:24
Author Public Key
npub10dspwp24mlmxkzu42yxysu5ppwmt9swrrzh6kx4dz4wy7q3zaugq0d2x8tPublished at
2024-07-12 03:07:24Event JSON
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"content": "Oil Prices Rise Amid Rate Cut Cheer and Summer Demand Hopes\n===============\t\n#909cfb47 ver:1.35\n\nOil prices rise as summer demand in the US picks up and there are hopes for interest rate cuts by the Federal Reserve. Brent crude futures have increased by 7% in the past four weeks, while WTI crude futures have climbed by 9%. Geopolitical tensions in the Middle East and a drawdown in inventories have also contributed to the rise. However, there are signs of less-than-expected demand growth in Asia and indications of subsiding inflation and contracting US manufacturing activity. #OilPrices #SummerDemand #InterestRateCuts #GeopoliticalTensions...\n\n#newstr #OilPrices #RateCuts #SummerDemand #BrentOilFutures #WestTexasIntermediateCrudeFutures #IsraelhamasCeasefire #Profittaking #FuelDemand #China \n\n https://here.news/story/909cfb47?ver=1.35",
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