Oil prices edge up on prospects of OPEC+ maintaining output cuts
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#12d86ea3 ver:1.89

Oil prices settle near seven-week low as weaker global demand, rising inventories, and fading hopes for US interest rate cuts contribute to bear market shift. Concerns about US economic slowdown and slump in worldwide diesel demand also contribute to decline. OPEC+ may extend output cuts if demand doesn't pick up. Traders monitor if US government will replenish strategic reserves. Brent crude futures for July rise to $83.83, US West Texas Intermediate crude for June up to $79.14. Oil set for biggest weekly decline since February due to easing geopolitical risks and weakening fuel markets. #OilPrices #OPEC #DemandConcerns...

#newstr #OilPrices #Opec+ #OutputCuts #BrentCrude #WtiCrude #UsEconomicData #NonfarmPayrollReport 

 https://here.news/story/12d86ea3?ver=1.89