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Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics /
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2024-05-19 09:59:50

Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: Oil Prices Rise on Optimism for Increased Demand in the US and China =============== ...

Oil Prices Rise on Optimism for Increased Demand in the US and China
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#12d86ea3 ver:2.12

Oil prices rise as optimism grows for increased demand in the US and China. China's industrial output is up, US economic indicators are positive, and inventories are declining. Asian LNG prices also increase due to hot weather. Gas prices in Europe remain steady. US oil rig count rises. Lower US interest rates could make oil cheaper. Investors await OPEC+ meeting. Money managers increase net long positions. Ukrainian drone attacks cause fire at Russian refinery. #OilPrices #Demand #China #US #LNG #OPEC #Ukraine...

#newstr #OilPrices #Demand #China #Us #IndustrialOutput #Inventories #OilRigCount #Opec+ #Fire #TuapseOilRefinery #Ukraine

https://here.news/story/12d86ea3?ver=2.12
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