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Oil Prices Rise as Israel Strikes Gaza Amidst Ongoing Truce Talks /
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2024-07-16 20:03:23

Oil Prices Rise as Israel Strikes Gaza Amidst Ongoing Truce Talks on Nostr: Oil prices decline on concerns over Chinese demand and global economic growth ...

Oil prices decline on concerns over Chinese demand and global economic growth
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#11811d82 ver:0.33

Oil prices decline on concerns over Chinese demand and global economic growth. Brent crude futures rose 0.1% to $85.10 a barrel, while West Texas Intermediate crude futures rose 0.1% to $84.15 a barrel. Weak Chinese GDP growth and signs of a cooling global economy have soured the outlook for oil demand. Political uncertainty in the US and the Middle East, along with supply cuts from OPEC+, have supported prices. However, some analysts caution about being overly bullish due to expected weakness in US macroeconomic data. #OilPrices #ChineseDemand #GlobalEconomy...

#newstr #OilPrices #ChineseDemand #UsPoliticalFallout #GlobalEconomicGrowth #InterestRateCuts

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