OPEC+ Meeting Delayed as Uncertainty Surrounds Oil Prices in Asia on Nostr: Brent crude trades above $87 a barrel as US inventories decline =============== ...
Brent crude trades above $87 a barrel as US inventories decline
===============
#80409bb8 ver:1.0
Oil prices slip from multi-month highs as US employment and business data come in weaker than forecast, signaling potential cooling of top oil consumer. Brent crude trades at $87.05/barrel, while US WTI crude falls to $83.48/barrel. Weaker economic data may prompt US Federal Reserve to cut interest rates, potentially boosting oil demand. UBS expects Brent crude to reach $90/barrel this quarter due to OPEC+ production cuts and projected inventory declines. #OilPrices #USJobs #InterestRates #OPEC...
#newstr #Brentcrude #Usinventories #Geopoliticalrisks #Economicoutlook
https://here.news/story/80409bb8?ver=1.0
===============
#80409bb8 ver:1.0
Oil prices slip from multi-month highs as US employment and business data come in weaker than forecast, signaling potential cooling of top oil consumer. Brent crude trades at $87.05/barrel, while US WTI crude falls to $83.48/barrel. Weaker economic data may prompt US Federal Reserve to cut interest rates, potentially boosting oil demand. UBS expects Brent crude to reach $90/barrel this quarter due to OPEC+ production cuts and projected inventory declines. #OilPrices #USJobs #InterestRates #OPEC...
#newstr #Brentcrude #Usinventories #Geopoliticalrisks #Economicoutlook
https://here.news/story/80409bb8?ver=1.0