Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: Oil Prices Experience Steepest Weekly Decline in Three Months Amid Weak US Job ...
Oil Prices Experience Steepest Weekly Decline in Three Months Amid Weak US Job Growth, but Nudge Higher After Saudi Arabia Hikes Prices
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#12d86ea3 ver:2.01
Oil prices experience steepest weekly decline in 3 months due to weak US job growth and concerns about Fed rate cut. However, prices nudge higher after Saudi Arabia raises prices, signaling strong demand. Geopolitical risk premiums ease as ceasefire talks progress. OPEC+ meeting in June may extend output cuts if demand doesn't increase. US energy companies cut rigs for 2nd week. WTI crude opens near $77.93, with support levels at $77.25. Traders monitor sentiment and resistance levels. #OilPrices #USJobs #FedRateCut #OPEC #SaudiArabia...
#newstr #Oil #SaudiArabia #CrudeOil #GazaCeasefire #EconomicRecovery
https://here.news/story/12d86ea3?ver=2.01
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#12d86ea3 ver:2.01
Oil prices experience steepest weekly decline in 3 months due to weak US job growth and concerns about Fed rate cut. However, prices nudge higher after Saudi Arabia raises prices, signaling strong demand. Geopolitical risk premiums ease as ceasefire talks progress. OPEC+ meeting in June may extend output cuts if demand doesn't increase. US energy companies cut rigs for 2nd week. WTI crude opens near $77.93, with support levels at $77.25. Traders monitor sentiment and resistance levels. #OilPrices #USJobs #FedRateCut #OPEC #SaudiArabia...
#newstr #Oil #SaudiArabia #CrudeOil #GazaCeasefire #EconomicRecovery
https://here.news/story/12d86ea3?ver=2.01