Oil prices hold near two-month high on strong demand outlook and potential rate cut
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#909cfb47 ver:1.25

Oil prices hold near two-month high on strong demand outlook and potential rate cut. Brent crude above $85 per barrel, WTI near $81 per barrel. US crude inventories rose by 900k barrels, but Cushing storage hub holdings decreased. Geopolitical tensions from Yemen and Russia may contribute to higher prices. Market structure shows strong current demand. US oil imports from Iraq surged to 195k bpd. Crude prices steady due to robust demand projections and potential US interest rate cuts. Hurricane Beryl and reduced crude imports into Asia impacting market....

#newstr #Oil #Demand #Outlook #RateCut #BrentCrude #WtiCrude #UsInterestRates #Inflation #ManufacturingActivity #CrudeImports #China 

 https://here.news/story/909cfb47?ver=1.25