Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: Oil prices dip on concerns about demand and US stockpiles data =============== ...
Oil prices dip on concerns about demand and US stockpiles data
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#12d86ea3 ver:2.57
Oil prices dip on concerns about demand and US stockpiles data. Crude oil prices have been steady, but a decline in early May due to muted global demand and economic uncertainty has caused prices to decrease. Lower-than-expected oil demand, tensions easing in the Middle East, and worries about the US economy have contributed to the decline. Rising crude oil stockpiles and the anticipation of a ceasefire deal in the Hamas-Israel conflict have also impacted prices. However, recent strong economic data from China and the US has raised hopes for increased oil demand, leading to a slight increase in prices. All eyes are now on the upcoming OPEC+ meeting on June 2 for further direction. #OilPrices #DemandConcerns #USStockpiles #OPEC...
#newstr #CrudeOilPrices #UsEconomicWorries
https://here.news/story/12d86ea3?ver=2.57
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#12d86ea3 ver:2.57
Oil prices dip on concerns about demand and US stockpiles data. Crude oil prices have been steady, but a decline in early May due to muted global demand and economic uncertainty has caused prices to decrease. Lower-than-expected oil demand, tensions easing in the Middle East, and worries about the US economy have contributed to the decline. Rising crude oil stockpiles and the anticipation of a ceasefire deal in the Hamas-Israel conflict have also impacted prices. However, recent strong economic data from China and the US has raised hopes for increased oil demand, leading to a slight increase in prices. All eyes are now on the upcoming OPEC+ meeting on June 2 for further direction. #OilPrices #DemandConcerns #USStockpiles #OPEC...
#newstr #CrudeOilPrices #UsEconomicWorries
https://here.news/story/12d86ea3?ver=2.57