Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: Crude Oil Prices Decline on Soft US Jobs Data and Rate Cut Concerns =============== ...
Crude Oil Prices Decline on Soft US Jobs Data and Rate Cut Concerns
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#12d86ea3 ver:1.94
Crude oil prices decline on weak US jobs data and rate cut concerns, with Brent crude falling 0.85% to $82.96 a barrel and WTI dropping 1.06% to $78.11 a barrel. Traders bet on a September rate cut by the Fed due to slower job growth and cooling wage gains. Geopolitical risk premiums fade as Israel-Hamas consider ceasefire. OPEC+ meeting on June 1 may extend output cuts if demand doesn't increase. US energy companies cut rigs to lowest level since January 2022. #CrudeOil #USJobs #RateCut #OPEC #Energy...
#newstr #CrudeOil #BrentCrude #WtiCrude #UsJobsData #FederalReserve #InterestRateCut #Opec #Russia #OilOutputCuts #EnergyCompanies #RigCount
https://here.news/story/12d86ea3?ver=1.94
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#12d86ea3 ver:1.94
Crude oil prices decline on weak US jobs data and rate cut concerns, with Brent crude falling 0.85% to $82.96 a barrel and WTI dropping 1.06% to $78.11 a barrel. Traders bet on a September rate cut by the Fed due to slower job growth and cooling wage gains. Geopolitical risk premiums fade as Israel-Hamas consider ceasefire. OPEC+ meeting on June 1 may extend output cuts if demand doesn't increase. US energy companies cut rigs to lowest level since January 2022. #CrudeOil #USJobs #RateCut #OPEC #Energy...
#newstr #CrudeOil #BrentCrude #WtiCrude #UsJobsData #FederalReserve #InterestRateCut #Opec #Russia #OilOutputCuts #EnergyCompanies #RigCount
https://here.news/story/12d86ea3?ver=1.94