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Oil Prices Rise as Israel Strikes Gaza Amidst Ongoing Truce Talks /
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2024-07-16 07:05:24

Oil Prices Rise as Israel Strikes Gaza Amidst Ongoing Truce Talks on Nostr: Oil prices slip on concerns over Chinese demand =============== #11811d82 ver:0.32 ...

Oil prices slip on concerns over Chinese demand
===============
#11811d82 ver:0.32

Oil prices slip on concerns over weak Chinese demand and US political fallout, weighing on the market. Chinese GDP growth of 4.7% and signs of a cooling global economy cast doubts on oil demand outlook. The stronger dollar and weak demand in China contribute to the decline in oil prices. Lower interest rates may boost economic activity and oil demand. Geopolitical uncertainty in the Middle East and supply cuts from OPEC+ support prices. However, expected weakness in US macroeconomic data could indirectly hurt oil demand. #OilPrices #ChineseDemand #USPolitics #GeopoliticalUncertainty #OPEC #InterestRates...

#newstr #OilPrices #ChineseDemand #UsPoliticalFallout #Dollar #TrumpAttack #MiddleEastTensions #HouthiAttacks

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