Oil Prices React to Mixed US Inventory Data, Middle East Tensions, Federal Reserve Rate Cut Hopes, and Positive US-China Demand Data
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#909cfb47 ver:0.33

Oil prices fell in Asian trading due to increased US crude and fuel stockpiles, weak demand, and tensions in the Middle East. Brent crude futures dropped 0.3% to $82.95 a barrel, while US crude futures fell 0.2% to $78.25 a barrel. The decline is also influenced by easing supply tightness and updated forecasts of higher world oil output and lower demand growth. The strengthening US dollar and hopes of a ceasefire in Gaza further pressured oil prices. #OilPrices #USInventoryData #MiddleEastTensions #FederalReserve #USChinaDemand...

#newstr #OilPrices #UsStockpileBuild #MiddleEastTensions #FederalReserve #InterestRateCut #UschinaDemandData 

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