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Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics /
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2024-05-30 01:56:02

Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: Oil prices decline as US crude stockpiles data awaited =============== #12d86ea3 ...

Oil prices decline as US crude stockpiles data awaited
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#12d86ea3 ver:2.52

Oil prices decline as US crude stockpiles data awaited. Global demand and economic uncertainty have led to a decrease in crude oil prices. Tensions in the Middle East have eased, but worries about the global economy, particularly in the United States, have emerged. Rising crude oil stockpiles have contributed to an oversupply situation. The upcoming OPEC+ meeting on June 2 will discuss whether to extend voluntary output cuts. Rising global oil inventories may strengthen the case for keeping supply cuts in place. #OilPrices #CrudeOil #OPEC #Economy...

#newstr #OilPrices #UsCrudeStockpiles #Demand #Opec+ #FederalReserve #BorrowingCosts

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