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Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics /
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2024-05-03 00:02:06

Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: Oil prices settle near 7-week lows as focus shifts to the economy =============== ...

Oil prices settle near 7-week lows as focus shifts to the economy
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#12d86ea3 ver:1.8

Oil prices settle near 7-week lows due to weaker global demand, rising inventories, and fading hopes for US interest rate cuts. Concerns about US economic slowdown and worldwide diesel demand slump also contribute to the decline. OPEC+ may extend output cuts if demand doesn't pick up. #OilPrices #Economy #OPEC...

#newstr #OilPrices #UsInterestRates #Opec+ #EconomicSlowdown #DieselDemand

https://here.news/story/12d86ea3?ver=1.8
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