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Oil Prices Fall on US Inventory Build and Inflation Concerns /
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2024-06-05 00:58:59

Oil Prices Fall on US Inventory Build and Inflation Concerns on Nostr: Oil Prices Slide as US Crude and Fuel Stocks Continue to Build =============== ...

Oil Prices Slide as US Crude and Fuel Stocks Continue to Build
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#909cfb47 ver:0.69

Oil prices slide as US crude and fuel stocks continue to build, putting pressure on equities. Rising yields and skepticism about growth contribute to the downward trend. Total US inventories grew by 13.2 million barrels last week, adding to concerns of a stock market correction. The energy sector is vulnerable to a correction, with potential bearish factors including geopolitical conflicts and demand weakness. The author expects crude prices to decline below $75 per barrel. Rising inventories signal supplies exceeding demand, impacting investor sentiment around oil demand. #OilPrices #StockMarket #EnergySector #DemandGrowth...

#newstr #Oil #FuelStocks #DemandGrowth #CrudeOil #Gasoline #Stockpiles #InvestorSentiment

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