Oil Prices Fall as US Growth Concerns and Ample Crude Supply Weigh on Market
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#909cfb47 ver:0.75

#OilPrices fall as US growth concerns and ample crude supply weigh on market. OPEC plans to phase out quota cuts, potentially causing prices to breach $70/b. US credit card delinquency rate at highest since 2011, indicating lower consumer spending. US rig count remains unchanged. #EnergyStocks expected to correct. US oil and gas production showing signs of flattening out. Fed likely pushes back interest rate cut to December. Higher borrowing costs can dampen economic growth and limit oil demand. Ceasefire talks in Gaza could reduce fears of supply disruptions....

#newstr #OilPrices #UsFederalReserve #InterestRateCut #BorrowingCosts #OilDemand #UsCrudeStockpiles #FuelInventories #InternationalEnergyAgency #GazaCeasefire #Hamas 

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