Oil Prices Rise on Softer U.S. Inflation and Summer Demand Hopes
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#909cfb47 ver:1.38

Oil prices rise on softer US inflation and summer demand hopes, with Brent crude futures up 7% and WTI crude futures up 9% in the past four weeks. Strong summer demand in the US, geopolitical tensions in the Middle East, and a drawdown in inventories contribute to the increase. However, there are signs of less-than-expected demand growth in Asia and indications of subsiding inflation and contracting US manufacturing activity. Investors are closely watching for potential interest rate cuts by the Federal Reserve. #OilPrices #SummerDemand #Inflation #GeopoliticalTensions #InterestRates...

#newstr #OilPrices #UsInflation #FuelConsumption #EconomicGrowth 

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