OPEC's Seminar to Address Most Pressing Energy Issues
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#12d86ea3 ver:2.78
The 9th OPEC International Seminar in Vienna will address pressing energy issues, fostering dialogue and cooperation among industry stakeholders. Ministers, international organizations, and energy executives will participate. OPEC maintains strong growth forecast for global oil demand in 2024 and 2025. OPEC+ plans to restore 2.1 million barrels per day of oil output. The OPEC Fund for International Development provides a $150 million loan for Colombia's Climate Action Policy. Congrats to new Saudi Arabian Energy Minister Abdulaziz Bin Salman! #OPEC #energy #oil #Vienna #globalenergy #climateaction...
#newstr #Opec #Energy #Seminar #Vienna #Austria #GlobalEnergy #Petroleum #Industry #Uae #OpecFund #OilDemand #ShaleOil #Colombia #SaudiArabia
https://here.news/story/12d86ea3?ver=2.78
OPEC+ Extends Major Oil Production Cuts Until 2025 to Stabilize Market
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#12d86ea3 ver:2.75
#OPEC+ extends major oil production cuts until 2025 to stabilize market. Saudi Arabia and allied countries will maintain production levels, supporting higher oil prices. The move aims to fund Saudi Arabia's economic diversification and Russia's stability amid the Ukraine conflict. Oil prices remain stagnant due to higher interest rates, slower economic growth, and rising non-OPEC supply. US demand reduction and unexpected increase in inventories also impact prices. The extension of cuts will affect US motorists and European gas prices. #OilPrices #EnergyMarket...
#newstr #Opec #OilProduction #MarketStabilization
https://here.news/story/12d86ea3?ver=2.75
Oil prices rise after OPEC+ extends production cuts; Gaza ceasefire in focus
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#12d86ea3 ver:2.74
Oil prices rise as OPEC+ extends production cuts until 2025, supporting higher prices and tighter markets. The decision also factors in geopolitical risks and the potential ceasefire in Gaza. US economic recovery and slower demand impact prices, while higher interest rates and rising non-OPEC supply contribute to stagnant prices. The extension of cuts has implications for US motorists and European gas prices. Analysts have divergent views on future demand, with OPEC+ predicting a rise and the IEA forecasting a more modest increase. #OilPrices #OPEC+ #ProductionCuts #Geopolitics...
#newstr #Opec+ #CrudeOil #ProductionCuts #OilPrices #GazaCeasefire
https://here.news/story/12d86ea3?ver=2.74
Oil prices slip despite OPEC+ extending production cuts until 2025
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#12d86ea3 ver:2.72
Despite OPEC+ extending production cuts until 2025, oil prices slipped. Brent crude futures fell to $80.87 a barrel, while WTI crude futures dropped to $76.80. Factors like higher interest rates, slower economic growth, and rising non-OPEC supply contributed to stagnant prices. The extension of supply cuts has implications for US motorists and gas prices in Europe. The US economy's slower recovery and unexpected increase in oil inventories also impacted prices. Analysts predict lower demand and no increase in oil purchases. #OilPrices #OPEC #ProductionCuts...
#newstr #Opec+ #ProductionCuts #OilPrices #BrentCrude #WtiCrude
https://here.news/story/12d86ea3?ver=2.72
OPEC+ Extends Production Cuts Through 2025 to Support Weaker Crude Prices
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#12d86ea3 ver:2.71
#OPEC+ extends production cuts through 2025 to support weaker crude prices. Saudi Arabia and allied countries will maintain production levels, including collective cuts of 2 million barrels per day. The move aims to boost oil prices, fund Saudi Arabia's economic diversification, and support Russia's stability amidst the war with Ukraine. However, uncertainty about future demand remains. #OilPrices #EnergyMarket...
#newstr #Opec #OilProduction #CrudeOil #GlobalOilPrices
https://here.news/story/12d86ea3?ver=2.71
OPEC+ Extends Production Cuts Through 2025 to Support Weaker Crude Prices
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#12d86ea3 ver:2.69
#OPEC+ extends production cuts through 2025 to support weaker crude prices. Saudi Arabia and allied countries will maintain output levels, including collective cuts of 2 million barrels per day. The move aims to boost oil prices, fund Saudi Arabia's economic diversification, and aid Russia's stability amid the Ukraine conflict. However, uncertainty about future demand remains. #OilPrices #EnergyMarket...
#newstr #Opec+ #ProductionCuts #CrudePrices #SaudiArabia #Russia
https://here.news/story/12d86ea3?ver=2.69
OPEC+ Extends Production Cuts Through 2025 to Support Weaker Crude Prices
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#12d86ea3 ver:2.68
#OPEC+ extends production cuts through 2025 to support weaker crude prices. Saudi Arabia and allied countries will maintain production levels, including collective cuts of 2 million barrels per day. The move aims to boost oil prices for Saudi Arabia's economic diversification and Russia's stability. Despite ongoing turmoil and summer travel, oil prices remain stagnant due to higher interest rates, slower economic growth, and rising non-OPEC supply. US oil demand has also decreased, impacting prices. Investors should monitor US economic data for potential trading opportunities. #oilprices #OPEC #crudeoil...
#newstr #Opec #OilProduction #CrudePrices #SaudiArabia #Russia
https://here.news/story/12d86ea3?ver=2.68
OPEC+ Extends Production Cuts Through 2025 Amid Market Volatility
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#12d86ea3 ver:2.67
OPEC+ extends production cuts through 2025 to support oil prices amid market volatility. Saudi Arabia and allied countries will maintain production levels, including collective cuts of 2 million barrels per day. The move aims to fund Saudi Arabia's economic diversification and Russia's war efforts. Oil prices remain stagnant due to higher interest rates, slower economic growth, and rising non-OPEC supply. US oil inventories increase, impacting prices. Focus on US economic data and labor market performance for market movements. #OPEC #oilprices #marketvolatility...
#newstr #Opec+ #OilPrices #SaudiArabia #Russia #Economy #FossilFuel #UkraineConflict #Brent #GasolinePrices #FuelPrices
https://here.news/story/12d86ea3?ver=2.67
Oil producers led by Saudis face a decision on extending production cuts as oil prices lag
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#12d86ea3 ver:2.64
#Oil producers face decision on extending production cuts as prices lag. OPEC+ meeting on Sunday will determine if cuts continue. Saudi Arabia needs higher prices for economic diversification, Russia for stability. Analysts predict price rise if cuts extended. US economic data and summer travel season will impact demand. #Energy #OPEC #Economy...
#newstr #OilProducers #ProductionCuts #OilPrices #SaudiArabia #Russia #Brent #Demand #Economy #GasPrices #UsPresidentialElection
https://here.news/story/12d86ea3?ver=2.64
Oil producers face decision on extending production cuts as oil prices lag
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#12d86ea3 ver:2.63
Oil producers face decision on extending production cuts as oil prices lag. OPEC+ meeting on Sunday will determine if cuts will continue. Saudi Arabia and Russia need higher prices for economic stability. US oil inventories increase, impacting prices. Market volatility expected, investors advised to monitor developments. #OilPrices #OPEC #ProductionCuts #EconomicData #MarketVolatility...
#newstr #OilProduction #Opec #SaudiArabia #Russia #OilPrices #FuelDemand #GasPrices #EconomicGrowth
https://here.news/story/12d86ea3?ver=2.63
Oil prices fluctuate amid uncertainty over OPEC+ production cuts and demand concerns
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#12d86ea3 ver:2.62
#OilPrices fluctuate amid uncertainty over #OPEC+ production cuts and demand concerns. Speculation surrounds the upcoming OPEC+ meeting, while reduced US demand and increased inventories contribute to the downward trend. Market volatility expected to continue, requiring close monitoring for trading opportunities....
#newstr #OilPrices #Opec+ #ProductionCuts #DemandConcerns #Volatility
https://here.news/story/12d86ea3?ver=2.62
Oil prices weaken ahead of OPEC+ meeting
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#12d86ea3 ver:2.61
Oil prices weaken ahead of OPEC+ meeting, ending worst month of the year. Brent futures down 0.3% at $81.62, WTI crude futures down 1.2% at $76.99. Decline due to weak US gasoline demand, warm winter, higher interest rates, and increased US crude production. Traders anticipate potential rate cut by US Federal Reserve in September. #OilPrices #OPEC #USFederalReserve...
#newstr #Oil #Opec+ #BrentFutures #WtiCrudeFutures #GasolineDemand #UsCrudeProduction #FederalReserve #Inflation #RateCut
https://here.news/story/12d86ea3?ver=2.61
Oil prices set to record monthly loss on concerns of growing supply glut
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#12d86ea3 ver:2.59
Concerns of a growing supply glut are causing oil prices to record a monthly loss for the second consecutive month. The International Energy Agency has lowered its oil demand growth forecast, while global oil supply is projected to increase. Despite a decrease in US crude inventories, oil prices fell. Last week, concerns about higher interest rates and inflation also contributed to a weekly loss. #OilPrices #SupplyGlut #DemandForecast #GlobalSupply #InterestRates #Inflation...
#newstr #Oil #SupplyGlut #BrentCrude #WestTexasIntermediate #Demand #Opec+ #OutputCuts #UsCrudeStocks #Houthis #InterestRates #Inflation #FedOfficials
https://here.news/story/12d86ea3?ver=2.59
Oil prices fall on surprise US inventory builds and weak China PMIs
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#12d86ea3 ver:2.58
Oil prices fall on surprise US inventory builds and weak China PMIs. Crude oil prices steady, but decline due to muted global demand and economic uncertainty. Lower interest rates and rising stockpiles contribute to oversupply. Positive economic data from China and the US raises hopes for increased oil demand. All eyes on OPEC+ meeting on June 2 for production policy decisions. #OilPrices #USInventory #ChinaPMIs #OPEC...
#newstr #CrudeOilPrices #UsEconomicWorries
https://here.news/story/12d86ea3?ver=2.58
Crude Oil Prices Drop 1% on US Economic Worries
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#12d86ea3 ver:2.55
Crude oil prices drop 1% on US economic worries, as muted global demand and concerns about lower-than-expected oil demand lead to a decrease in prices. The anticipation of a ceasefire deal in the Hamas-Israel conflict and the import of discounted Russian oil by China and India also contribute to the decline. Additionally, worries about the global economy, particularly in the US, have emerged, with talk of higher interest rates dampening economic growth prospects and resulting in lower energy demand. The upcoming OPEC+ meeting on June 2 is expected to discuss maintaining production cuts. #OilPrices #USDemand #OPEC...
#newstr #CrudeOilPrices #UsEconomicWorries
https://here.news/story/12d86ea3?ver=2.55
Oil prices steady as US inventory draw offsets rate and inflation concerns
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#12d86ea3 ver:2.53
Oil prices steady as US inventory draw offsets rate and inflation concerns. Brent crude at $83.13/barrel and WTI at $78.73/barrel. Muted global demand and economic uncertainty led to a decline in early May. Lower-than-expected oil demand and discounted Russian oil imports from China and India also contributed. Geopolitical concerns in the Middle East have eased, but worries about the US economy persist. Rising crude oil stockpiles and anticipation of OPEC+ meeting on June 1 for production cuts decision. Strong economic data from China and the US support oil prices. #OilPrices #USInventory #OPEC...
#newstr #OilPrices #UsInventoryDraw #InterestRates #Inflation #Opec+
https://here.news/story/12d86ea3?ver=2.53
Oil prices decline as US crude stockpiles data awaited
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#12d86ea3 ver:2.52
Oil prices decline as US crude stockpiles data awaited. Global demand and economic uncertainty have led to a decrease in crude oil prices. Tensions in the Middle East have eased, but worries about the global economy, particularly in the United States, have emerged. Rising crude oil stockpiles have contributed to an oversupply situation. The upcoming OPEC+ meeting on June 2 will discuss whether to extend voluntary output cuts. Rising global oil inventories may strengthen the case for keeping supply cuts in place. #OilPrices #CrudeOil #OPEC #Economy...
#newstr #OilPrices #UsCrudeStockpiles #Demand #Opec+ #FederalReserve #BorrowingCosts
https://here.news/story/12d86ea3?ver=2.52
Oil prices stabilize after recovering from 3-month low, investors await inflation data and OPEC+ meeting
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#12d86ea3 ver:2.49
Oil prices stabilize after recovering from 3-month low, investors await inflation data and OPEC+ meeting. Brent crude rises to $83.16 a barrel, WTI at $78.80 a barrel. Positive economic data from China and the US boosts hopes for increased oil demand. OPEC+ meeting on June 2 expected to discuss extending output cuts. Investors focus on US inflation data and OPEC+ meeting for future monetary policy and production decisions. Strong fuel demand expected during US summer driving season. #OilPrices #OPEC #EconomicData #FuelDemand...
#newstr #OilPrices #UsFuelDemand #Opec+Meeting
https://here.news/story/12d86ea3?ver=2.49
Oil prices stabilize after recovering from 3-month low, investors await inflation data and OPEC+ meeting
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#12d86ea3 ver:2.48
Oil prices stabilize after recovering from 3-month low, investors await inflation data and OPEC+ meeting. Brent crude rises to $83.98 a barrel, WTI increases to $80.06 a barrel on strong economic data from China and the US, indicating a recovery in China's manufacturing sector and raising hopes for increased oil demand. Investors anticipate OPEC meeting on June 1 for further direction, with expectations of maintaining current production cuts. US gasoline demand reaches highest level since November, supporting prices ahead of Memorial Day weekend. OPEC+ meeting on June 2 to discuss extending voluntary output cuts. #OilPrices #OPEC #InflationData #EconomicRecovery...
#newstr #OilPrices #InflationData #Opec+ #CrudeOil #BrentCrude #WestTexasIntermediate
https://here.news/story/12d86ea3?ver=2.48
Oil prices steady as investors await inflation data and OPEC+ meeting
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#12d86ea3 ver:2.47
Oil prices steady as investors await inflation data and OPEC+ meeting. Brent crude at $83.13/barrel, WTI at $78.73/barrel. Concerns about lower oil demand and global economic uncertainty have led to a decline in prices. Positive economic data from China and the US raises hopes for increased oil demand. OPEC+ meeting on June 1 expected to discuss maintaining output cuts. Investors await inflation data to assess US monetary policy. #OilPrices #OPEC #InflationData #EconomicOutlook...
#newstr #OilPrices #InflationData #Opec+ #BrentCrude #WtiCrude #InterestRatePolicy #GermanInflationData #EuroZoneReadings #OilDemandForecast #ElectricVehicleAdoption #Refineries
https://here.news/story/12d86ea3?ver=2.47
Oil prices steady after rebounding from 3-month lows, investors await inflation data and OPEC+ meeting
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#12d86ea3 ver:2.46
Oil prices steady after rebounding from 3-month lows, investors await inflation data and OPEC+ meeting. Brent crude at $83.13/barrel, WTI at $78.73/barrel. Global demand and economic uncertainty caused decline in early May. Ceasefire deal and lower oil demand led to decrease. Rising crude oil stockpiles contribute to oversupply. Positive economic data from China and US raise hopes for increased oil demand. OPEC meeting on June 1 expected to maintain production cuts. US fuel demand supports prices ahead of summer driving season. OPEC+ meeting on June 2 to discuss extending output cuts. Investors await inflation data and OPEC+ decisions....
#newstr #OilPrices #InflationData #Opec+ #BrentOilFutures #WestTexasIntermediateCrudeFutures #PurchasingManagersIndex #Asia #Uk #Us #China
https://here.news/story/12d86ea3?ver=2.46
Oil prices steady as markets turn focus to OPEC+ meeting
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#12d86ea3 ver:2.43
Oil prices steady as markets turn focus to OPEC+ meeting. Brent crude at $82.30 and WTI at $77.96. Positive economic data from China and the US raises hopes for increased oil demand. Investors anticipate OPEC meeting on June 2 for further direction, with expectations of production cuts extension....
#newstr #OilPrices #Opec+ #OutputCuts #BrentCrude #WestTexasIntermediate #AsianTrading
https://here.news/story/12d86ea3?ver=2.43
Oil prices recover slightly as traders await inflation and OPEC cues
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#12d86ea3 ver:2.42
Oil prices recover slightly as traders await inflation and OPEC cues. Brent crude rose to $82.22 a barrel and WTI increased to $77.85 a barrel. The rise came after strong economic data from China and the US, indicating a recovery in China's manufacturing sector and raising hopes for increased oil demand. Investors are anticipating the upcoming OPEC meeting on June 1 for further direction, with expectations that OPEC will maintain current production cuts. The market is also awaiting more cues on US inflation. #OilPrices #OPEC #Inflation #EconomicRecovery...
#newstr #OilPrices #Inflation #Opec #BrentOilFutures #WestTexasIntermediateCrudeFutures #PcePriceIndex #FederalReserve #Opec+
https://here.news/story/12d86ea3?ver=2.42
Oil prices drop as concerns over interest rate policy and fuel demand persist
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#12d86ea3 ver:2.41
Oil prices drop as concerns over interest rates and fuel demand persist. Brent crude settles at $83.13/barrel, WTI at $78.73/barrel. Muted global demand, economic uncertainty, and lower-than-expected oil demand contribute to the decline. Tensions in the Middle East ease, but worries about the US economy emerge. Speculation of interest rate cuts and rising crude oil stockpiles add to oversupply concerns. Positive economic data from China and the US boosts prices, but concerns over inflation and high interest rates dampen sentiment. All eyes on OPEC+ meeting on June 1 for further direction. #OilPrices #InterestRates #FuelDemand #OPEC...
#newstr #OilPrices #InterestRatePolicy #FuelDemand #BrentCrude #UsWestTexasIntermediate #FederalReserve #Opec+ #CrudeOilInventories
https://here.news/story/12d86ea3?ver=2.41
Oil prices reverse losses, increase by 1% on expectations of increased summer demand in the US
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#12d86ea3 ver:2.4
Oil prices reverse losses, increase by 1% on expectations of increased summer demand in the US. Brent crude rises to $82.12 a barrel, while WTI reaches $77.72 a barrel. #OilPrices #USDemand #SummerDemand...
#newstr #OilPrices #UsEconomy #InterestRates #OilDemand #Opec
https://here.news/story/12d86ea3?ver=2.4
Oil prices reverse losses, increase by 1% on expectations of increased summer demand in the US
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#12d86ea3 ver:2.39
Oil prices reverse losses, increase by 1% on expectations of increased summer demand in the US. Brent crude rises to $82.12 a barrel, WTI to $77.72 a barrel. #OilPrices #USDemand #SummerDemand...
#newstr #OilPrices #BrentCrude #UsWestTexasIntermediate #UsFederalReserve #Opec+ #OilDemand #MorganStanley #Russia #OilOutputCuts #UsOilRigCount
https://here.news/story/12d86ea3?ver=2.39
Oil prices slide to three-month lows as concerns over US economy persist
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#12d86ea3 ver:2.37
Oil prices slide to three-month lows as concerns over US economy persist. Lower demand and economic uncertainty have led to a decline in crude oil prices. Rising crude oil stockpiles and the anticipation of a ceasefire deal in the Hamas-Israel conflict have also contributed to the oversupply situation. However, strong economic data from China and the US, along with firming seasonal US fuel demand, have provided some support. All eyes are now on the upcoming OPEC meeting on June 1 for further direction. #OilPrices #USeconomy #OPEC...
#newstr #OilPrices #CrudeOil #Brent #UsEconomy #InterestRates #Opec+ #Gasoline #Japan #Russia #Orlen #Petrobras #SingaporeFuelOilStocks
https://here.news/story/12d86ea3?ver=2.37
Oil prices steady as investors weigh US rate fears and firmer seasonal demand
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#12d86ea3 ver:2.36
Oil prices steady as investors weigh US rate fears and firmer seasonal demand. Brent crude at $83.13/barrel, WTI at $78.73/barrel. Concerns about lower oil demand and US rate hikes dampen prices. Positive economic data from China and the US raise hopes for increased oil demand. OPEC meeting on June 1 expected to discuss production cuts. US summer driving season and strengthening gasoline demand provide support. #OilPrices #USRates #Demand #OPEC #EconomicData...
#newstr #Oil #UsRateFears #SeasonalDemand #BrentCrudeFutures #UsWestTexasIntermediateCrudeFutures #GasolineDemand #MemorialDay #SummerDrivingSeason #OrganizationOfThePetroleumExportingCountries #OilOutputCuts
https://here.news/story/12d86ea3?ver=2.36
Oil prices steady as firming US gasoline demand offsets rate jitters
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#12d86ea3 ver:2.33
Oil prices steady as firming US gasoline demand offsets rate jitters. Brent crude at $83.13/barrel and WTI at $78.73/barrel. Strong economic data from China and the US boosts hopes for increased oil demand. US gasoline demand reaches highest level since November. OPEC+ meeting on June 1 to discuss extending oil output cuts. #OilPrices #EconomicRecovery #OPEC...
#newstr #OilPrices #GasolineDemand #InterestRates #Inflation #FuelDemand #MemorialDay #Opec+
https://here.news/story/12d86ea3?ver=2.33
Oil prices fall for fourth straight day as US rate hike prospects emerge
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#12d86ea3 ver:2.3
Oil prices continue to decline for the fourth consecutive day as concerns over high US interest rates and unexpected build in inventories weigh on the market. Brent crude futures fell to $81.35 per barrel, while West Texas Intermediate crude futures dropped to $76.98 per barrel. The minutes from the Federal Reserve's meeting revealed discussions of further interest rate hikes if inflation remains high, which could dampen economic growth and oil demand. Sluggish demand and well-supplied markets are also contributing to the decline in oil prices. #OilPrices #USInterestRates #Inventories...
#newstr #OilPrices #UsFederalReserve #Inflation #InterestRates #OilDemand #Brent #WestTexasIntermediate(wti) #UsEnergyInformationAdministration(eia) #GasolineInventories #Opec+
https://here.news/story/12d86ea3?ver=2.3
Oil prices fall amid US rate jitters and surprise inventory build
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#12d86ea3 ver:2.28
#OilPrices fell due to concerns over high US interest rates and unexpected inventory build. Brent crude futures dropped 0.7% to $81.35 per barrel, while WTI crude futures fell 0.8% to $76.98 per barrel. Sluggish demand and well-supplied markets are contributing to the decline. #Energy #Economy...
#newstr #OilPrices #UsRateJitters #InventoryBuild #Iran #China #FederalReserve #UsInterestRates #Demand #Opec+
https://here.news/story/12d86ea3?ver=2.28
India benefits from declining global oil prices despite geopolitical tensions
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#12d86ea3 ver:2.27
Despite geopolitical tensions, declining global oil prices have benefited India. The country, which imports 85% of its crude oil, has seen its import bill reduced and its rupee strengthened. India has been able to purchase discounted Russian oil, making Russia its largest supplier and saving $7.9 billion in the oil import bill. This strategy has helped lower the country's current account deficit. #India #oilprices #geopolitics...
#newstr #India #OilPrices #GeopoliticalTensions #Russia #Iraq #SaudiArabia
https://here.news/story/12d86ea3?ver=2.27
Oil prices decline on inflationary concerns and reduced geopolitical risk
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#12d86ea3 ver:2.24
#OilPrices decline on inflation concerns, reduced geopolitical risk, and unexpected build in US inventories. #CrudeOil demand affected by economic uncertainty, higher interest rates, and inflationary pressures. #US economy shows signs of slowdown, raising concerns about energy consumption. #Bearish outlook for crude oil, but supply disruptions could increase prices in the coming weeks....
#newstr #OilMarket #Inflation #GeopoliticalRisk #BrentCrude #WtiCrude #UsDemand #CrudeOilInventories #InterestRates #EuropeanCentralBank #IranianPresident
https://here.news/story/12d86ea3?ver=2.24
Oil Prices Fall Further on Surprise US Inventory Build and Rate Jitters
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#12d86ea3 ver:2.22
#OilPrices fell further on surprise US inventory build and rate jitters. US oil inventories grew by 2.5 million barrels, raising concerns over sluggish demand. Expectations of higher interest rates and sustained inflation could impact fuel use. #Energy #Economy #Inflation...
#newstr #OilPrices #UsInterestRates #Inflation #FuelUse #FederalReserve #UsCrudeOil #GasolineInventories #Distillates #RetailGasolinePrices #MemorialDay #SummerDrivingSeason #Investors #Fed'sPolicyMeeting #OilInventoryData #EnergyInformationAdministration
https://here.news/story/12d86ea3?ver=2.22
Crude Oil Prices Remain Steady Amid Bearish Market Outlook
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#12d86ea3 ver:2.2
Crude oil prices steady amid bearish market outlook as global demand remains muted and economic uncertainty persists. Tensions in the Middle East have eased, eliminating risk premiums, but concerns about the US economy and lower energy consumption persist. Rising crude oil stockpiles contribute to oversupply, while diplomatic efforts to broker a ceasefire in the Hamas-Israel conflict eliminate risk premiums. Outlook remains bearish, but supply disruptions could increase prices. #CrudeOil #MarketOutlook #GlobalDemand #EconomicUncertainty #MiddleEast #US #Oversupply #Ceasefire #SupplyDisruptions...
#newstr #CrudeOilPrices #GlobalDemand #EconomicUncertainty #MiddleEastTensions #UsInterestRates #BorrowingCosts #DemandWorries #Oversupply #SupplyDisruption
https://here.news/story/12d86ea3?ver=2.2
Oil Prices Fluctuate on US Interest Rates and Political Uncertainty in Iran and Saudi Arabia
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#12d86ea3 ver:2.19
Oil prices fluctuate on mixed signals from US Federal Reserve and OPEC+, as concerns about US inflation and interest rates impact the market. Despite political uncertainty in Iran and Saudi Arabia, the market remains unfazed. Investors await the upcoming OPEC+ meeting on June 1 to set output policy and consider extending voluntary cuts. Lower interest rates could potentially boost economic growth and oil demand. #OilPrices #FederalReserve #OPEC+ #Inflation #InterestRates #Iran #SaudiArabia...
#newstr #OilPrices #UsInflation #InterestRates #Iran #SaudiArabia
https://here.news/story/12d86ea3?ver=2.19
Oil Prices Fall on Fear of High US Interest Rates Depressing Demand
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#12d86ea3 ver:2.17
Concerns over high US interest rates depressing demand have caused oil prices to fall. The fear is that higher borrowing costs will slow economic growth and reduce the demand for oil. The US Federal Reserve's indication of potential rate hikes has led to a sell-off in global stock markets and a decline in oil prices. #OilPrices #USInterestRates #Demand #EconomicGrowth...
#newstr #OilPrices #UsInterestRates #Demand #EconomicGrowth #BorrowingCosts #FederalReserve #StockMarkets #BrentCrude #OmicronVariant #Covid19
https://here.news/story/12d86ea3?ver=2.17
Oil Prices Fluctuate on Mixed Signals from US Federal Reserve and OPEC+
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#12d86ea3 ver:2.15
Oil prices fluctuate as US Federal Reserve and OPEC+ send mixed signals. Concerns about US inflation and interest rates contribute to the decline. Brent futures settle at $83.71/barrel, WTI crude at $79.80/barrel. Brent-WTI premium remains low, impacting US crude exports. Despite political uncertainty, market remains unfazed. OPEC+ to meet on June 1. Saudi Arabia's crude exports rise, Russia remains top oil supplier to China. Putin reports gas output increase and oil output decline due to OPEC+ cuts. Drone attack damages Russian refinery, prompting temporary gasoline export ban lift. #OilPrices #FederalReserve #OPEC+ #Brent #WTI...
#newstr #OilPrices #UsInflation #InterestRates #BrentFutures #WtiCrude #Opec+ #SaudiArabia #Iran #Russia
https://here.news/story/12d86ea3?ver=2.15
Oil Prices Rise on Optimism for Increased Demand in the US and China
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#12d86ea3 ver:2.11
Oil prices rise as optimism grows for increased demand in the US and China. China's industrial output is up, US economic indicators are positive, and declines in inventories create optimism. Asian LNG prices also rise due to hot weather, while gas prices in Europe hold steady. US oil rig count increases, and lower interest rates could soften the dollar. Investors await direction from the upcoming OPEC+ meeting. Meanwhile, a fire at Russia's Tuapse oil refinery is reported after Ukrainian drone attacks. #OilPrices #Demand #China #US #LNG #OPEC #EnergyInfrastructure...
#newstr #Oil #Demand #China #Us #BrentCrude #Wti #IndustrialOutput #EconomicIndicators #Lng #GasPrices
https://here.news/story/12d86ea3?ver=2.11
Oil Prices Rise on Optimism for Increased Demand
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#12d86ea3 ver:2.1
Oil prices rise on optimism for increased demand as China's industrial output rises by 6.7% YoY in April and US economic indicators fuel optimism. Lower US interest rates could soften the dollar, making oil cheaper for buyers holding other currencies. Investors await direction from the upcoming OPEC+ meeting on June 1. #OilPrices #Demand #OPEC...
#newstr #OilPrices #BrentCrude #Wti #China #Us #Demand #IndustrialOutput #Inventories #OilRigCount #InterestRates #Opec+
https://here.news/story/12d86ea3?ver=2.1
Crude Oil Market Surges on Positive China, US Demand Hopes
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#12d86ea3 ver:2.09
Crude oil prices surge on positive China and US demand hopes, with Brent crude recording its first weekly gain in three weeks. China's 6.7% rise in industrial output in April indicates stronger demand, while declines in inventories and a rise in the US oil rig count also contribute to optimism. Lower US interest rates could make oil cheaper for buyers holding other currencies. Investors await direction from the upcoming OPEC+ meeting on June 1. #CrudeOil #China #USDemand #OPEC...
#newstr #CrudeOilMarket #China #Us #Demand #BrentCrude #Wti #Opec+ #InterestRates #OilRigCount #Fire #TuapseOilRefinery #Ukraine
https://here.news/story/12d86ea3?ver=2.09
Oil Prices Rebound on Optimism of Firmer Demand
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#12d86ea3 ver:2.08
Oil prices rebounded on optimism of firmer demand, with Brent crude settling at $83.98 a barrel and WTI crude settling at $80.06 a barrel. Factors driving the increase include China's rise in industrial output, declines in inventories, and a rise in the US oil rig count. Lower US interest rates could also make oil cheaper for buyers. Investors are now awaiting direction from the upcoming OPEC+ meeting on June 1. #OilPrices #Demand #OPEC...
#newstr #Oil #Demand #BrentCrude #Wti #China #Us #IndustrialOutput #Inventories #OilRigCount #InterestRates #Opec+ #Ukraine #DroneAttacks
https://here.news/story/12d86ea3?ver=2.08
WTI Crude Oil Prices Decline on Uncertainties Surrounding Oil Demand
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#12d86ea3 ver:2.07
Crude oil prices declined last week due to weak US jobs data and concerns about the timing of a Federal Reserve interest rate cut. Brent crude futures fell by 0.85% to $82.96 a barrel and US WTI crude futures dropped by 1.06% to $78.11 a barrel. The decline was attributed to weaker-than-expected US jobs data and concerns about the timing of a Federal Reserve interest rate cut. The ongoing Israel-Hamas war and the production policies of OPEC countries have also influenced the prices. #OilPrices #USJobsData #FederalReserve #OPEC...
#newstr #Wti #CrudeOil #OilDemand #UsFederalReserve #InterestRates #China #Ppi #Iraq #Opec
https://here.news/story/12d86ea3?ver=2.07
Oil Prices Continue to Decline on Weak Fuel Demand and Strong Dollar
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#12d86ea3 ver:2.06
Oil prices continue to decline due to weak fuel demand, a strong dollar, and concerns about the timing of a Federal Reserve interest rate cut. The decline in prices is also attributed to weaker-than-expected US jobs data and the possibility of higher borrowing costs curbing economic growth. The ongoing Israel-Hamas war and OPEC's production policies are also influencing prices. Traders will be monitoring geopolitical crises, global growth outlook, the US dollar, and the Fed's rate cut decisions to determine the future direction of oil prices. #OilPrices #FuelDemand #InterestRates #USJobsData #OPEC...
#newstr #Oil #FuelDemand #Dollar #CrudeOil #Opec #Iraq
https://here.news/story/12d86ea3?ver=2.06
Crude Oil Prices Remain Under Speculative Pressures, Opening Week with Similar Values as Last Week
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#12d86ea3 ver:2.05
Crude oil prices remain under pressure due to weak US jobs data and concerns about the timing of a Federal Reserve interest rate cut. Brent crude futures settled at $82.96 a barrel and US WTI crude settled at $78.11 a barrel, marking the steepest weekly loss in three months. The decline is attributed to lower-than-expected US job growth and cooling wage gains, prompting speculation of a September interest rate cut. Geopolitical risk premiums have faded, and OPEC+ may extend oil output cuts if demand does not increase. Saudi Arabia's raising of official selling prices signals expectations of strong summer demand. #CrudeOil #OilPrices #FederalReserve #InterestRates...
#newstr #CrudeOil #WtiCrudeOil #SpeculativePressure #SupportLevel #PriceRange
https://here.news/story/12d86ea3?ver=2.05
Oil Prices Settle Lower on Weak US Jobs Data, Marking Steepest Weekly Loss in Three Months
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#12d86ea3 ver:1.97
Oil prices settle lower on weak US jobs data, marking steepest weekly loss in 3 months. Concerns about Fed interest rate cut timing and slower job growth prompt bets on September rate cut. Brent crude futures fall 0.85% to $82.96/barrel, WTI crude futures drop 1.06% to $78.11/barrel. #OilPrices #USJobsData #FedInterestRateCut...
#newstr #OilPrices #UsJobsData #BrentCrude #WtiCrude #FederalReserve #InterestRateCut #UsJobGrowth #RigCount #Opec+ #OilOutputCuts
https://here.news/story/12d86ea3?ver=1.97
Oil Prices Settle Lower on Weak US Jobs Data, Marking Steepest Weekly Loss in Three Months
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#12d86ea3 ver:1.96
Oil prices settle lower on weak US jobs data, marking steepest weekly loss in 3 months. Brent crude futures fall to $82.96/barrel, WTI crude futures drop to $78.11/barrel. Concerns about Fed interest rate cut timing and slower job growth prompt bets on September rate cut. #OilPrices #USJobsData #FedInterestRateCut...
#newstr #OilPrices #UsJobsData #FederalReserve #InterestRateCut #EconomicGrowth #OilDemand #UsJobGrowth #AnnualWageGain #InterestRates #OilConsumer
https://here.news/story/12d86ea3?ver=1.96
Oil Prices Drop Sharply, Marking Steepest Weekly Decline in Three Months
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#12d86ea3 ver:1.95
Oil prices recorded their sharpest weekly decline in three months due to concerns over weak U.S. jobs data and the potential timing of a Federal Reserve interest rate cut. Brent crude settled at $82.96 a barrel, while U.S. West Texas Intermediate crude closed at $78.11 a barrel. Geopolitical tensions eased as ceasefire talks progressed, and OPEC+ may extend output cuts if global demand doesn't pick up. Despite fluctuations, the market brushed aside potential supply disruptions. Future data releases will shape oil prices. #OilPrices #FederalReserve #OPEC #Geopolitics...
#newstr #OilPrices #UsJobsData #FederalReserve #InterestRateCut #BrentCrudeOil #UsWestTexasIntermediateCrudeOil #GeopoliticalTensions #IsraelhamasConflict #Opec+ #GlobalOilDemand
https://here.news/story/12d86ea3?ver=1.95
Oil prices rise on expectations of extended OPEC+ output cuts
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#12d86ea3 ver:1.93
Oil prices settle near seven-week low as weaker global demand, rising inventories, and fading hopes for US interest rate cuts weigh on the market. Concerns about a possible economic slowdown in the US and a slump in worldwide diesel demand contribute to the decline. OPEC+ may extend output cuts if demand fails to pick up. Traders are watching if lower oil prices will spur the US government to replenish strategic reserves. Brent crude futures for July rise 16 cents to $83.83 a barrel, while US West Texas Intermediate crude for June is up 19 cents to $79.14 per barrel. #OilPrices #OPEC #Demand #US #Economy...
#newstr #OilPrices #Opec #Opec+ #MiddleEast #UsEconomy
https://here.news/story/12d86ea3?ver=1.93
Oil prices stabilize after weekly losses amid OPEC+ output cuts
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#12d86ea3 ver:1.9
Oil prices stabilize after weekly losses amid OPEC+ output cuts. Concerns about weaker global demand, rising inventories, and fading hopes for US interest rate cuts contribute to the decline. Traders monitor if US government will replenish strategic reserves. OPEC+ may extend output cuts if demand doesn't pick up. Oil prices rise on OPEC+ production cuts, but weekly losses due to US economic uncertainty and limited supply disruptions from Israel-Hamas war. Brent crude futures for July up 16 cents to $83.83 a barrel, US West Texas Intermediate crude for June up 19 cents to $79.14 a barrel. Weekly losses due to higher long-term interest rates and demand uncertainty. OPEC+ may extend output cuts beyond June....
#newstr #OilPrices #Opec+ #OutputCuts #UsEconomy #MiddleEast
https://here.news/story/12d86ea3?ver=1.9
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
Oil prices set for steepest weekly drop in three months as demand uncertainty and easing tensions in the Middle East reduce supply risks
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#12d86ea3 ver:1.87
Oil prices set for steepest weekly drop in 3 months as demand uncertainty and easing Middle East tensions reduce supply risks. Concerns about US economy and fading hopes for rate cuts contribute to decline. OPEC+ may extend output cuts if demand doesn't pick up. Traders watching for US government action to support prices. #OilPrices #DemandUncertainty #OPEC #USconomy...
#newstr #OilPrices #Opec+ #DemandUncertainty #MiddleEastTensions
https://here.news/story/12d86ea3?ver=1.87
Oil prices settle near 7-week lows as focus shifts to the economy
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#12d86ea3 ver:1.8
Oil prices settle near 7-week lows due to weaker global demand, rising inventories, and fading hopes for US interest rate cuts. Concerns about US economic slowdown and worldwide diesel demand slump also contribute to the decline. OPEC+ may extend output cuts if demand doesn't pick up. #OilPrices #Economy #OPEC...
#newstr #OilPrices #UsInterestRates #Opec+ #EconomicSlowdown #DieselDemand
https://here.news/story/12d86ea3?ver=1.8
Oil Prices Retreat as Israel-Hamas Peace Talks Dampen Conflict Fears
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#12d86ea3 ver:1.77
Oil prices retreat as Israel-Hamas peace talks ease conflict fears, while US inflation data dampens prospects of interest rate cuts. Brent crude futures fell 1.1% to $88.50 a barrel, and WTI futures were down 1% at $83.01 a barrel. A stronger dollar also contributes to the decline in oil prices. #OilPrices #IsraelHamas #InflationData #InterestRates...
#newstr #OilPrices #IsraelhamasPeaceTalks #UsInflationConcerns #GeopoliticalTensions #InterestRateCuts #EconomicGrowth #OilDemand #UsFederalReserve #China'sIndustrialProfitGrowth #UsInventoryData #China'sPmiIndex #UkrainianDroneStrikes
https://here.news/story/12d86ea3?ver=1.77
Oil Prices Fall on Israel-Hamas Ceasefire Talks and US Inflation Concerns
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#12d86ea3 ver:1.74
Oil prices fall on Israel-Hamas ceasefire talks and US inflation concerns, as fears of wider conflict ease and interest rate cuts become less likely. Brent crude futures down 1.1% to $88.50, WTI futures down 1% to $83.01. #OilPrices #IsraelHamas #Inflation #InterestRates...
#newstr #OilPrices #Israel #Hamas #CeasefireTalks #UsInflation #InterestRateCuts #BrentCrudeFutures #WestTexasIntermediate #UsFederalReserve #China #IndustrialProfitGrowth
https://here.news/story/12d86ea3?ver=1.74
Oil Prices Rise on Optimism About US Economic Growth, Brent Crude Tops $89 a Barrel
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#12d86ea3 ver:1.7
Oil prices rise on optimism about US economic growth, with Brent crude topping $89 a barrel. The increase is influenced by reactions to Janet Yellen's comments on a stronger US economy and supply concerns due to ongoing conflict in the Middle East. #OilPrices #EconomicGrowth #BrentCrude #MiddleEast...
#newstr #OilPrices #UsEconomy #JanetYellen #MiddleEastConflict #Inflation
https://here.news/story/12d86ea3?ver=1.7
Oil Prices Rise on Optimism About US Economic Growth, Brent Crude Tops $89 a Barrel
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#12d86ea3 ver:1.69
Oil prices surge on optimism about US economic growth, as Brent crude tops $89 a barrel and US WTI crude rises to $84. The increase is fueled by US Treasury Secretary Janet Yellen's positive comments on the economy and ongoing conflicts in the Middle East. #OilPrices #EconomicGrowth #BrentCrude #WTICrude #MiddleEast...
#newstr #OilPrices #UsEconomicGrowth #BrentCrudeFutures #UsWestTexasIntermediateCrudeFutures #JanetYellen #MiddleEastConflict
https://here.news/story/12d86ea3?ver=1.69
US Official Eases Market Worries, Oil Gains Amid Optimism Over US Economic Growth
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#12d86ea3 ver:1.66
Oil prices hold steady as US crude inventories decrease, refineries increase processing capacity, and exports rise. Geopolitical tensions in the Middle East continue to be monitored. #OilPrices #USCrude #Geopolitics...
#newstr #OilPrices #UsEconomy #JanetYellen #Inflation #MiddleEastTensions
https://here.news/story/12d86ea3?ver=1.66
Oil Prices Rise, Snapping Two-Week Losing Streak Amid Optimism Over US Economic Growth
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#12d86ea3 ver:1.65
Oil prices rise, snapping two-week losing streak amid optimism over US economic growth. Brent crude futures climb 0.29% to $88.68 a barrel, while US West Texas Intermediate crude futures rise 0.31% to $83.62 a barrel. US crude inventories fell by 3.237 million barrels, contributing to the increase in prices. Ongoing geopolitical tensions and their potential impact on oil supplies continue to be monitored. #OilPrices #USGrowth #GeopoliticalTensions...
#newstr #OilPrices #UsEconomicGrowth #Inflation #MiddleEast
https://here.news/story/12d86ea3?ver=1.65
Oil Prices Rise as US Official Eases Market Concerns over Economic Headwinds
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#12d86ea3 ver:1.63
Oil prices rise as US official eases economic concerns, with Brent crude closing above $88 and WTI crude holding below $83. Larger-than-expected decrease in US crude inventories and increased processing capacity contribute to decline in stockpiles. Ongoing geopolitical tensions continue to impact oil supplies. #OilPrices #Economy #Geopolitics...
#newstr #OilPrices #UsOfficial #EconomicGrowth #MiddleEastConflicts #SupplyConcerns
https://here.news/story/12d86ea3?ver=1.63
Mixed Signals in Oil Markets: US Economy Concerns vs. Middle East Tensions
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#12d86ea3 ver:1.56
Mixed signals in oil markets as concerns over the US economy and Middle East tensions impact prices. US crude inventories unexpectedly decrease, but falling fuel demand and cooling business activity in the US weigh on prices. Geopolitical tensions in the Middle East continue, with Israeli airstrikes in Gaza. #OilPrices #USeconomy #MiddleEastTensions...
#newstr #OilMarkets #UsEconomy #MiddleEastTensions
https://here.news/story/12d86ea3?ver=1.56
Oil prices steady as US demand concerns and Middle East conflict risks persist
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#12d86ea3 ver:1.54
Oil prices hold steady as concerns over US demand and Middle East conflict persist. West Texas Intermediate (WTI) crude remains below $83 a barrel, while Brent crude closes just above $88. Larger-than-expected decrease in US crude inventories counter the decline in prices. Ongoing geopolitical tensions continue to impact oil supplies. #OilPrices #USDemand #MiddleEastConflict...
#newstr #Oil #UsDemand #MiddleEast #Fuel #Gasoline #DistillateFuel #BusinessActivity #Inflation #Employment #InterestRateCuts
https://here.news/story/12d86ea3?ver=1.54
Oil prices steady as US demand concerns and Middle East conflict risks persist
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#12d86ea3 ver:1.53
Oil prices hold steady as concerns over US demand and Middle East conflict persist. West Texas Intermediate (WTI) crude remains below $83 a barrel, while Brent crude closes just above $88. Larger-than-expected decrease in US crude inventories counter the decline in prices. Ongoing geopolitical tensions continue to impact oil supplies. #OilPrices #USDemand #MiddleEastConflict...
#newstr #Oil #FuelDemand #Us #MiddleEast #Gasoline #Eia #Inventories #Exports
https://here.news/story/12d86ea3?ver=1.53
Oil prices dip as concerns over US demand outweigh Middle East conflicts
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#12d86ea3 ver:1.51
Oil prices dip as concerns over US demand outweigh Middle East conflicts. Despite a larger-than-expected decrease in US crude inventories, worries about a potential slowdown in the US economy and a delayed interest rate cut weigh on oil prices. The ongoing geopolitical tensions in the Middle East continue to support the market, but the impact on oil supplies remains limited for now. #OilPrices #USDemand #MiddleEastConflicts...
#newstr #Oil #UsDemand #MiddleEastConflicts
https://here.news/story/12d86ea3?ver=1.51
Oil prices ease as concerns over US demand outweigh Middle East conflicts
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#12d86ea3 ver:1.5
Oil prices ease as concerns over US demand outweigh Middle East conflicts. Brent crude futures dipped 0.1% to $86.95 a barrel, while US West Texas Intermediate crude futures slipped 0.1% to $82.74 a barrel. US business activity cooled in April, and a delayed US interest rate cut has been a source of concern for the US economy and the demand for crude oil. However, tensions between Iran and Israel continue to underpin oil prices. #OilPrices #USDemand #MiddleEastConflicts...
#newstr #OilPrices #UsCrudeStocks #MiddleEastConflict #UsEconomy
https://here.news/story/12d86ea3?ver=1.5
Oil prices ease as concerns over US demand outweigh Middle East conflicts
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#12d86ea3 ver:1.49
Oil prices ease as concerns over US demand outweigh Middle East conflicts. Brent crude futures dipped 0.1% to $86.95 a barrel, while US West Texas Intermediate crude futures slipped 0.1% to $82.74 a barrel. Tensions between Iran and Israel have eased, but Israeli attacks on Gaza are expected to worsen. Meanwhile, a delayed US interest rate cut has been a source of concern for the US economy and the demand for crude oil. #OilPrices #USDemand #MiddleEastConflicts...
#newstr #OilPrices #UsDemand #MiddleEastConflicts
https://here.news/story/12d86ea3?ver=1.49
Oil Prices Rebound After Bullish US Crude Storage Drawdown
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#12d86ea3 ver:1.47
Oil prices rebounded after a surprise drop in US crude stocks, signaling increased demand. Brent crude rose 0.29% to $88.68 a barrel, while US West Texas Intermediate crude climbed 0.31% to $83.62 a barrel. Analysts remain bullish on the impact of Middle East conflicts on oil supplies. #OilPrices #USCrudeStocks #MiddleEastConflicts...
#newstr #OilPrices #UsCrudeStocks #MiddleEastConflict #UsEnergyInformationAdministration #FederalReserve
https://here.news/story/12d86ea3?ver=1.47
Oil Prices Steady Above $88 Amidst US Stock Decline and Business Data
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#12d86ea3 ver:1.46
Oil prices steady above $88 as US crude stocks decline and business activity slows. Analysts predict de-escalation between Iran and Israel could remove $5-10/barrel of geopolitical risk premium. US crude inventories fell by 3.237 million barrels last week. #OilPrices #USStocks #BusinessData #GeopoliticalRisk...
#newstr #OilPrices #UsCrudeStocks #MiddleEastConflict #GeopoliticalRiskPremium #Iran #Israel #UsBusinessActivity #CrudeInventories
https://here.news/story/12d86ea3?ver=1.46
Oil prices retreat as tensions ease between Iran and Israel
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#12d86ea3 ver:1.37
Oil prices held near a three-week low on Thursday as investors weighed mixed US economic data, US sanctions on Venezuela and Iran, and easing tensions in the Middle East. Brent crude futures fell 18 cents, or 0.2%, to settle at $87.11 a barrel, while US West Texas Intermediate (WTI) crude rose 4 cents, or 0.1%, to settle at $82.73. The drop in US diesel futures to their lowest since the start of January cut the diesel crack spread, which measures refining profit margins, to its lowest since April 2023. The number of Americans filing new claims for unemployment benefits was unchanged at a low level last week, indicating continued labor market strength. Existing US home sales fell in March as higher interest rates and house prices sidelined buyers from the market. Lower interest rates could ...
#newstr #OilPrices #Iran #Israel #MiddleEast #BrentFutures #WtiCrude #UsCrudeInventories
https://here.news/story/12d86ea3?ver=1.37
Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics
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#12d86ea3 ver:1.36
Oil prices held near a three-week low on Thursday as investors weighed mixed US economic data, US sanctions on Venezuela and Iran, and easing tensions in the Middle East. Brent crude futures fell 18 cents, or 0.2%, to settle at $87.11 a barrel, while US West Texas Intermediate (WTI) crude rose 4 cents, or 0.1%, to settle at $82.73. The drop in US diesel futures to their lowest since the start of January cut the diesel crack spread, which measures refining profit margins, to its lowest since April 2023. The number of Americans filing new claims for unemployment benefits was unchanged at a low level last week, indicating continued labor market strength. Existing US home sales fell in March as higher interest rates and house prices sidelined buyers from the market. Lower interest rates could ...
#newstr #OilPrices #MiddleEastTensions #MarketSentiment #Fundamentals #Macroeconomics
https://here.news/story/12d86ea3?ver=1.36
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