Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: Oil prices set for biggest weekly drop since February as war risk fades ...
Oil prices set for biggest weekly drop since February as war risk fades
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#12d86ea3 ver:1.83
Oil prices set for biggest weekly drop since February as war risk fades. Weak global demand, rising inventories, and fading hopes for US interest rate cuts contribute to the decline. Concerns about US economic slowdown and slump in diesel demand also play a role. OPEC+ may extend output cuts if demand doesn't pick up. Traders monitor if US government will replenish strategic reserves. #OilPrices #Economy #OPEC...
#newstr #Oil #GeopoliticalRisks #MiddleEast #FuelMarkets #Opec #OutputCuts #SupplydemandBalance
https://here.news/story/12d86ea3?ver=1.83
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#12d86ea3 ver:1.83
Oil prices set for biggest weekly drop since February as war risk fades. Weak global demand, rising inventories, and fading hopes for US interest rate cuts contribute to the decline. Concerns about US economic slowdown and slump in diesel demand also play a role. OPEC+ may extend output cuts if demand doesn't pick up. Traders monitor if US government will replenish strategic reserves. #OilPrices #Economy #OPEC...
#newstr #Oil #GeopoliticalRisks #MiddleEast #FuelMarkets #Opec #OutputCuts #SupplydemandBalance
https://here.news/story/12d86ea3?ver=1.83