OPEC+ Meeting Delayed as Uncertainty Surrounds Oil Prices in Asia on Nostr: Oil Prices Fall on Soft US Demand Outlook and Rate Cut Expectations =============== ...

Oil Prices Fall on Soft US Demand Outlook and Rate Cut Expectations
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#80409bb8 ver:1.3

Oil prices fell as weaker US consumer sentiment and uncertainty over a rate cut weighed on the market. Brent crude settled at $85.03 per barrel, while WTI crude closed at $82.21 per barrel. However, signs of stronger US demand and the drawdown of crude oil stockpiles provided some support. Analysts predict Brent crude could reach $90 per barrel, while WTI crude may surpass the $86 resistance level. Accelerating Chinese growth and potential supply disruptions from an active hurricane season are also factors to watch. #OilPrices #USDemand #RateCut #BrentCrude #WTICrude #USConsumerSentiment #FederalReserve #ChinaGrowth #SupplyDisruptions...

#newstr #OilPrices #UsConsumerSentiment #FederalReserveRateCut #BrentCrudeFutures #WestTexasIntermediateCrudeFutures #InflationExpectations #ProducerPriceIndex #GasolineDemand #China #OilRigCount

https://here.news/story/80409bb8?ver=1.3