Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: OPEC+ Extends Production Cuts to Support Slack Oil Prices =============== #12d86ea3 ...
OPEC+ Extends Production Cuts to Support Slack Oil Prices
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#12d86ea3 ver:2.66
#OPEC+ extends production cuts through 2025 to support #oil prices. The move aims to fund Saudi Arabia's economic diversification and Russia's war efforts. Despite ongoing turmoil and summer travel season, oil prices remain stagnant due to higher interest rates, slower economic growth, and rising non-OPEC supply. US oil inventories increase, impacting prices. Focus on US economic data and labor market performance for market movements. #crudeoil #energy #economy...
#newstr #Opec+ #ProductionCuts #OilPrices #SaudiArabia #Russia
https://here.news/story/12d86ea3?ver=2.66
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#12d86ea3 ver:2.66
#OPEC+ extends production cuts through 2025 to support #oil prices. The move aims to fund Saudi Arabia's economic diversification and Russia's war efforts. Despite ongoing turmoil and summer travel season, oil prices remain stagnant due to higher interest rates, slower economic growth, and rising non-OPEC supply. US oil inventories increase, impacting prices. Focus on US economic data and labor market performance for market movements. #crudeoil #energy #economy...
#newstr #Opec+ #ProductionCuts #OilPrices #SaudiArabia #Russia
https://here.news/story/12d86ea3?ver=2.66