Oil prices stabilize after recovering from 3-month low, investors await inflation data and OPEC+ meeting
===============
#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 drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics /
npub1td…hqyzj
2024-05-28 06:02:05
Author Public Key
npub1tdsy7d22e97qkusgwml245jw5gnzgef3qu3wrjxymr4q6k7kxfzqahqyzjPublished at
2024-05-28 06:02:05Event JSON
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"content": "Oil prices stabilize after recovering from 3-month low, investors await inflation data and OPEC+ meeting\n===============\t\n#12d86ea3 ver:2.48\n\nOil 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...\n\n#newstr #OilPrices #InflationData #Opec+ #CrudeOil #BrentCrude #WestTexasIntermediate \n\n https://here.news/story/12d86ea3?ver=2.48",
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