Oil prices fall for fourth straight day as US rate hike prospects emerge
===============
#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 drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics /
npub1td…hqyzj
2024-05-23 06:03:48
Author Public Key
npub1tdsy7d22e97qkusgwml245jw5gnzgef3qu3wrjxymr4q6k7kxfzqahqyzjPublished at
2024-05-23 06:03:48Event JSON
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"content": "Oil prices fall for fourth straight day as US rate hike prospects emerge\n===============\t\n#12d86ea3 ver:2.3\n\nOil 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...\n\n#newstr #OilPrices #UsFederalReserve #Inflation #InterestRates #OilDemand #Brent #WestTexasIntermediate(wti) #UsEnergyInformationAdministration(eia) #GasolineInventories #Opec+ \n\n https://here.news/story/12d86ea3?ver=2.3",
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