Oil Prices Rebound on Optimism of Firmer Demand
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#12d86ea3 ver:2.08

Oil prices rebounded on optimism of firmer demand, with Brent crude settling at $83.98 a barrel and WTI crude settling at $80.06 a barrel. Factors driving the increase include China's rise in industrial output, declines in inventories, and a rise in the US oil rig count. Lower US interest rates could also make oil cheaper for buyers. Investors are now awaiting direction from the upcoming OPEC+ meeting on June 1. #OilPrices #Demand #OPEC...

#newstr #Oil #Demand #BrentCrude #Wti #China #Us #IndustrialOutput #Inventories #OilRigCount #InterestRates #Opec+ #Ukraine #DroneAttacks 

 https://here.news/story/12d86ea3?ver=2.08