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Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics /
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2024-05-24 07:08:32

Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: Oil prices steady as investors weigh US rate fears and firmer seasonal demand ...

Oil prices steady as investors weigh US rate fears and firmer seasonal demand
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#12d86ea3 ver:2.36

Oil prices steady as investors weigh US rate fears and firmer seasonal demand. Brent crude at $83.13/barrel, WTI at $78.73/barrel. Concerns about lower oil demand and US rate hikes dampen prices. Positive economic data from China and the US raise hopes for increased oil demand. OPEC meeting on June 1 expected to discuss production cuts. US summer driving season and strengthening gasoline demand provide support. #OilPrices #USRates #Demand #OPEC #EconomicData...

#newstr #Oil #UsRateFears #SeasonalDemand #BrentCrudeFutures #UsWestTexasIntermediateCrudeFutures #GasolineDemand #MemorialDay #SummerDrivingSeason #OrganizationOfThePetroleumExportingCountries #OilOutputCuts

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