Oil Prices Extend Declines on Weak Fuel Demand and Strong Dollar
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#909cfb47 ver:0.41

Oil prices continue to decline due to weak fuel demand and concerns over interest rate cuts. Brent crude falls to $82.72 per barrel, while US West Texas Intermediate crude stands at $78.21 per barrel. China's producer price index contracts, indicating sluggish business demand. Rising gasoline and distillate inventories suggest weak demand, while discussions among US Federal Reserve officials add to market uncertainty. Despite challenges, expectations remain for OPEC+ to extend supply cuts. Iraq commits to voluntary production cuts and cooperation to stabilize global oil markets. US oil rig count drops to lowest level since November. #OilPrices #FuelDemand #InterestRates #OPEC #GlobalOilMarkets...

#newstr #OilPrices #FuelDemand #Dollar #FederalReserve #InterestRateCuts #ProducerPriceIndex #GasolineInventories #DistillateInventories #Opec #Iraq #OilProductionCuts #OilRigCount 

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