Oil prices steady after rebounding from 3-month lows, investors await inflation data and OPEC+ meeting
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#12d86ea3 ver:2.46

Oil prices steady after rebounding from 3-month lows, investors await inflation data and OPEC+ meeting. Brent crude at $83.13/barrel, WTI at $78.73/barrel. Global demand and economic uncertainty caused decline in early May. Ceasefire deal and lower oil demand led to decrease. Rising crude oil stockpiles contribute to oversupply. Positive economic data from China and US raise hopes for increased oil demand. OPEC meeting on June 1 expected to maintain production cuts. US fuel demand supports prices ahead of summer driving season. OPEC+ meeting on June 2 to discuss extending output cuts. Investors await inflation data and OPEC+ decisions....

#newstr #OilPrices #InflationData #Opec+ #BrentOilFutures #WestTexasIntermediateCrudeFutures #PurchasingManagersIndex #Asia #Uk #Us #China 

 https://here.news/story/12d86ea3?ver=2.46