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Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics /
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2024-05-24 23:02:21

Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: Oil prices decline for the week on concerns over fuel demand =============== ...

Oil prices decline for the week on concerns over fuel demand
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#12d86ea3 ver:2.38

Oil prices decline for the week due to concerns over fuel demand and economic uncertainty. Crude oil prices remain steady, but tensions in the Middle East have eased and worries about the global economy have emerged. Rising crude oil stockpiles and lower demand for energy contribute to an oversupply situation. However, oil prices rose in the last session on strong economic data from China and the US, indicating a recovery in China's manufacturing sector and raising hopes for increased oil demand. Investors are anticipating the upcoming OPEC meeting for further direction. #OilPrices #FuelDemand #EconomicUncertainty #OPEC...

#newstr #OilPrices #FuelDemand #BrentCrude #UsEconomicData

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