Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: Oil Prices Rise on Optimism for Increased Demand =============== #12d86ea3 ver:2.1 ...

Oil Prices Rise on Optimism for Increased Demand
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#12d86ea3 ver:2.1

Oil prices rise on optimism for increased demand as China's industrial output rises by 6.7% YoY in April and US economic indicators fuel optimism. Lower US interest rates could soften the dollar, making oil cheaper for buyers holding other currencies. Investors await direction from the upcoming OPEC+ meeting on June 1. #OilPrices #Demand #OPEC...

#newstr #OilPrices #BrentCrude #Wti #China #Us #Demand #IndustrialOutput #Inventories #OilRigCount #InterestRates #Opec+

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