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Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics /
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2024-06-01 20:57:14

Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: Oil prices weaken ahead of OPEC+ meeting =============== #12d86ea3 ver:2.61 Oil ...

Oil prices weaken ahead of OPEC+ meeting
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#12d86ea3 ver:2.61

Oil prices weaken ahead of OPEC+ meeting, ending worst month of the year. Brent futures down 0.3% at $81.62, WTI crude futures down 1.2% at $76.99. Decline due to weak US gasoline demand, warm winter, higher interest rates, and increased US crude production. Traders anticipate potential rate cut by US Federal Reserve in September. #OilPrices #OPEC #USFederalReserve...

#newstr #Oil #Opec+ #BrentFutures #WtiCrudeFutures #GasolineDemand #UsCrudeProduction #FederalReserve #Inflation #RateCut

https://here.news/story/12d86ea3?ver=2.61
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