Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: Crude Oil Prices Experience Steepest Weekly Decline in Three Months Amid Weak US Job ...

Crude Oil Prices Experience Steepest Weekly Decline in Three Months Amid Weak US Job Growth, but Nudge Higher After Saudi Arabia Hikes Prices
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#12d86ea3 ver:2.04

Crude oil prices experience steepest weekly decline in 3 months due to weak US job growth and concerns about Fed interest rate cut. However, prices nudge higher after Saudi Arabia hikes prices, signaling strong demand. Geopolitical tensions ease, US rigs decrease, and supply-demand concerns contribute to current 2-month low prices. Traders monitor geopolitical crises, global growth, US dollar, and Fed rate decisions for future direction. #OilPrices #USJobs #Fed #SaudiArabia #Geopolitics...

#newstr #CrudeOilPrices #UsJobsData #FederalReserveInterestRateCut #EconomicGrowth #OilDemand #UsJobGrowth #AnnualWageGain #InterestRates #OilConsumer #GeopoliticalRiskPremiums #IsraelhamasWar #Opec+ #OilOutputCuts #UsEnergyCompanies #RigCount #SaudiArabia #GazaCeasefire #OilProducingRegion

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