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Oil Prices Fall on US Inventory Build and Inflation Concerns /
npub10ds…2x8t
2024-06-13 09:04:42

Oil Prices Fall on US Inventory Build and Inflation Concerns on Nostr: Oil Prices Fall as US Federal Reserve Delays Rate Cut and US Stockpiles Rise ...

Oil Prices Fall as US Federal Reserve Delays Rate Cut and US Stockpiles Rise
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#909cfb47 ver:0.78

Oil prices fall as US Federal Reserve delays rate cut and US stockpiles rise, adding to concerns about demand growth. US crude and fuel stockpiles increased, signaling supplies exceeding demand. OPEC's plan to increase production may cause friction with Iran. US oil and gas production shows signs of flattening out as drilling rigs and well completion crews are idled. Higher borrowing costs can dampen economic growth and limit oil demand. Ongoing tensions in the Middle East support prices. #OilPrices #USFederalReserve #Stockpiles #OPEC #OilProduction #MiddleEast...

#newstr #Oil #MiddleEast #InterestRates #FederalReserve #Inventory #GlobalOilDemand

https://here.news/story/909cfb47?ver=0.78
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