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Oil Prices Fall on US Inventory Build and Inflation Concerns /
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2024-06-27 06:02:50

Oil Prices Fall on US Inventory Build and Inflation Concerns on Nostr: Oil prices fall amid dollar strength and concerns over US inventory build ...

Oil prices fall amid dollar strength and concerns over US inventory build
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#909cfb47 ver:1.17

Oil prices fall as US crude inventories unexpectedly increase, raising concerns about sluggish demand. Brent crude is above $85 per barrel, while WTI is near $81 per barrel. The strong US dollar and uncertainty about inflation and interest rates also weigh on prices. Despite this, oil prices are up around 4% for the month of June. The fate of the oil market will depend on the relationship between rising stockpiles, refining activities, and geopolitical developments. #OilPrices #USCrudeInventories #DemandConcerns...

#newstr #OilPrices #UsCrudeInventories #UsDollar #Inflation #InterestRates #FuelConsumption #GeopoliticalTensions #UsEconomicData

https://here.news/story/909cfb47?ver=1.17
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