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Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics /
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2024-05-21 08:54:52

Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: Crude Oil Prices Remain Steady Amid Bearish Market Outlook =============== #12d86ea3 ...

Crude Oil Prices Remain Steady Amid Bearish Market Outlook
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#12d86ea3 ver:2.2

Crude oil prices steady amid bearish market outlook as global demand remains muted and economic uncertainty persists. Tensions in the Middle East have eased, eliminating risk premiums, but concerns about the US economy and lower energy consumption persist. Rising crude oil stockpiles contribute to oversupply, while diplomatic efforts to broker a ceasefire in the Hamas-Israel conflict eliminate risk premiums. Outlook remains bearish, but supply disruptions could increase prices. #CrudeOil #MarketOutlook #GlobalDemand #EconomicUncertainty #MiddleEast #US #Oversupply #Ceasefire #SupplyDisruptions...

#newstr #CrudeOilPrices #GlobalDemand #EconomicUncertainty #MiddleEastTensions #UsInterestRates #BorrowingCosts #DemandWorries #Oversupply #SupplyDisruption

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