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Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics /
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2024-05-21 01:01:12

Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: Oil Prices Fluctuate on Mixed Signals from US Federal Reserve and OPEC+ ...

Oil Prices Fluctuate on Mixed Signals from US Federal Reserve and OPEC+
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#12d86ea3 ver:2.15

Oil prices fluctuate as US Federal Reserve and OPEC+ send mixed signals. Concerns about US inflation and interest rates contribute to the decline. Brent futures settle at $83.71/barrel, WTI crude at $79.80/barrel. Brent-WTI premium remains low, impacting US crude exports. Despite political uncertainty, market remains unfazed. OPEC+ to meet on June 1. Saudi Arabia's crude exports rise, Russia remains top oil supplier to China. Putin reports gas output increase and oil output decline due to OPEC+ cuts. Drone attack damages Russian refinery, prompting temporary gasoline export ban lift. #OilPrices #FederalReserve #OPEC+ #Brent #WTI...

#newstr #OilPrices #UsInflation #InterestRates #BrentFutures #WtiCrude #Opec+ #SaudiArabia #Iran #Russia

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