Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: Oil Prices Fall on Israel-Hamas Ceasefire Talks and US Inflation Concerns ...
Oil Prices Fall on Israel-Hamas Ceasefire Talks and US Inflation Concerns
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#12d86ea3 ver:1.73
Oil prices fall on Israel-Hamas ceasefire talks and US inflation concerns, erasing gains from Friday. Brent crude futures down 1.1% to $88.50 a barrel, WTI futures down 1% to $83.01 a barrel. Efforts to mediate ceasefire ease geopolitical tensions. US inflation at 2.7% dim prospects of interest rate cuts, boosting the dollar and hurting oil demand. China's industrial profit growth slows, further weighing on oil demand. Prices could swing higher if US inventory data and China's PMI index improve. #OilPrices #IsraelHamas #Inflation #InterestRates...
#newstr #OilPrices #IsraelhamasCeasefireTalks #UsInflationConcerns #InterestRateCuts
https://here.news/story/12d86ea3?ver=1.73
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#12d86ea3 ver:1.73
Oil prices fall on Israel-Hamas ceasefire talks and US inflation concerns, erasing gains from Friday. Brent crude futures down 1.1% to $88.50 a barrel, WTI futures down 1% to $83.01 a barrel. Efforts to mediate ceasefire ease geopolitical tensions. US inflation at 2.7% dim prospects of interest rate cuts, boosting the dollar and hurting oil demand. China's industrial profit growth slows, further weighing on oil demand. Prices could swing higher if US inventory data and China's PMI index improve. #OilPrices #IsraelHamas #Inflation #InterestRates...
#newstr #OilPrices #IsraelhamasCeasefireTalks #UsInflationConcerns #InterestRateCuts
https://here.news/story/12d86ea3?ver=1.73