Oil prices rise on expectations of extended OPEC+ output cuts
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#12d86ea3 ver:1.93

Oil prices settle near seven-week low as weaker global demand, rising inventories, and fading hopes for US interest rate cuts weigh on the market. Concerns about a possible economic slowdown in the US and a slump in worldwide diesel demand contribute to the decline. OPEC+ may extend output cuts if demand fails to pick up. Traders are watching if lower oil prices will spur the US government to replenish strategic reserves. Brent crude futures for July rise 16 cents to $83.83 a barrel, while US West Texas Intermediate crude for June is up 19 cents to $79.14 per barrel. #OilPrices #OPEC #Demand #US #Economy...

#newstr #OilPrices #Opec #Opec+ #MiddleEast #UsEconomy 

 https://here.news/story/12d86ea3?ver=1.93