OPEC+ Meeting Delayed as Uncertainty Surrounds Oil Prices in Asia on Nostr: Economic Data Drives Oil Prices Higher Despite Weekly Decline =============== ...
Economic Data Drives Oil Prices Higher Despite Weekly Decline
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#80409bb8 ver:1.19
Despite a weekly decline, oil prices rose in Asian trade due to weakness in the dollar and increased demand from summer travel. The US Energy Information Administration reported a larger-than-expected decline in inventories, while OPEC maintained its forecast for strong global oil demand growth. However, concerns over the global economic recovery and potential impact on oil demand led to a weekly decline in prices. OPEC may consider rolling back production cuts if demand remains strong. #OilPrices #EconomicData #OPEC...
#newstr #OilPrices #InflationData #Opec #ProductionCuts #Demand #InterestRateCut
https://here.news/story/80409bb8?ver=1.19
===============
#80409bb8 ver:1.19
Despite a weekly decline, oil prices rose in Asian trade due to weakness in the dollar and increased demand from summer travel. The US Energy Information Administration reported a larger-than-expected decline in inventories, while OPEC maintained its forecast for strong global oil demand growth. However, concerns over the global economic recovery and potential impact on oil demand led to a weekly decline in prices. OPEC may consider rolling back production cuts if demand remains strong. #OilPrices #EconomicData #OPEC...
#newstr #OilPrices #InflationData #Opec #ProductionCuts #Demand #InterestRateCut
https://here.news/story/80409bb8?ver=1.19