Crude Oil Prices React to Weaker US Consumer Sentiment and Rate Cut Expectations
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#80409bb8 ver:1.29

Crude oil prices dip on weaker US consumer sentiment, but hopes for a rate cut in September provide support. Brent crude settles at $85.03/barrel, WTI at $82.21/barrel. US consumer sentiment hits 8-month low, but inflation expectations improve. Uncertainty around Fed's rate cut decision weighs on prices. Strong US gasoline and jet fuel demand and drawdown of crude oil stockpiles offer some support. OPEC+ cuts may push Brent to $90, while US economic strength could lift WTI above $86. Chinese growth and potential supply disruptions also factors to watch. #OilPrices #USConsumerSentiment #RateCut #OPEC #ChinaGrowth #SupplyDisruptions...

#newstr #CrudeOil #OilPrices #UsConsumerSentiment #RateCuts #FuelConsumption 

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