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Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics /
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2024-05-23 10:04:53

Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: Oil prices decline as US demand weakens and concerns over high interest rates persist ...

Oil prices decline as US demand weakens and concerns over high interest rates persist
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#12d86ea3 ver:2.31

#OilPrices decline as US demand weakens and concerns over high interest rates persist. Crude oil prices have been steady, but a decline in early May due to muted global demand and economic uncertainty. Lower demand for energy, rising crude oil stockpiles, and the anticipation of higher interest rates have contributed to the oversupply situation. The market is focused on US demand, which is showing signs of slowing down. #Energy #Economy #Inflation...

#newstr #OilPrices #UsDemand #InterestRates #FederalReserve #Inflation #BrentCrude #WestTexasIntermediate #CommercialCrudeOilInventories #StrategicPetroleumReserves

https://here.news/story/12d86ea3?ver=2.31
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