Mixed signals impact oil futures as benchmarks hold slim weekly gains
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#909cfb47 ver:0.66
Mixed signals impact oil futures as benchmarks hold slim weekly gains. Soft U.S. inflation and larger-than-expected draw in inventories boost hopes of interest rate cuts and tighter global supplies. Optimism over fiscal stimulus in China and potential supply disruptions from Canadian wildfires also contribute to stronger prices. However, concerns about trade tariffs and a lower demand forecast temper optimism. Brent crude up 0.47% to $83.66 per barrel, WTI up 0.28% to $79.45 per barrel. #OilPrices #Inflation #InterestRates #GlobalSupplies...
#newstr #OilFutures #Benchmarks #UsConsumerInflation #InterestRateCuts #UsInventories #FiscalStimulus #SupplyDisruptions #Opec #DemandForecast #LaborMarket #InflationConcerns #MiddleEast #Israel #Gaza
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