Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics / is on Nostr

Oil prices, Middle East tensions, market sentiment, fundamentals, macroeconomics

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2024-06-03 00:59:22

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

2024-06-02 21:05:35

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

2024-06-02 07:59:25

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

2024-05-30 09:02:56

Oil prices dip on concerns about demand and US stockpiles data
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#12d86ea3 ver:2.57
Oil prices dip on concerns about demand and US stockpiles data. Crude oil prices have been steady, but a decline in early May due to muted global demand and economic uncertainty has caused prices to decrease. Lower-than-expected oil demand, tensions easing in the Middle East, and worries about the US economy have contributed to the decline. Rising crude oil stockpiles and the anticipation of a ceasefire deal in the Hamas-Israel conflict have also impacted prices. However, recent strong economic data from China and the US has raised hopes for increased oil demand, leading to a slight increase in prices. All eyes are now on the upcoming OPEC+ meeting on June 2 for further direction. #OilPrices #DemandConcerns #USStockpiles #OPEC...
#newstr #CrudeOilPrices #UsEconomicWorries
https://here.news/story/12d86ea3?ver=2.57

2024-05-30 05:02:22

Oil prices steady ahead of U.S. stockpile data amid downward pressure
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#12d86ea3 ver:2.54
Oil prices steady ahead of U.S. stockpile data amid downward pressure. Crude oil prices remain stable due to muted global demand and economic uncertainty. Lower interest rates and rising crude oil stockpiles contribute to oversupply. Positive economic data from China and the U.S. raises hopes for increased oil demand. All eyes on OPEC+ meeting on June 1 for production cut decisions. #OilPrices #GlobalDemand #Oversupply #EconomicData #OPEC...
#newstr #OilPrices #UsStockpileData #Opec+ #FederalReserve
https://here.news/story/12d86ea3?ver=2.54

2024-05-30 02:02:38

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

2024-05-28 10:03:03

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

2024-05-28 06:02:05

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

2024-05-25 23:02:31

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

2024-05-24 23:02:21

Oil prices decline for the week on concerns over fuel demand
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#12d86ea3 ver:2.38
Oil prices decline for the week due to concerns over fuel demand and economic uncertainty. Crude oil prices remain steady, but tensions in the Middle East have eased and worries about the global economy have emerged. Rising crude oil stockpiles and lower demand for energy contribute to an oversupply situation. However, oil prices rose in the last session 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 are anticipating the upcoming OPEC meeting for further direction. #OilPrices #FuelDemand #EconomicUncertainty #OPEC...
#newstr #OilPrices #FuelDemand #BrentCrude #UsEconomicData
https://here.news/story/12d86ea3?ver=2.38

2024-05-24 13:03:45

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

2024-05-23 06:03:48

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

2024-05-22 08:04:07

Oil prices decline on prospect of prolonged high U.S. interest rates
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#12d86ea3 ver:2.25
#Oil prices decline as prospect of prolonged high U.S. interest rates dampens demand. #CrudeOil #EnergyPrices #EconomicOutlook...
#newstr #OilPrices #FederalReserve #Inflation #UsInterestRates
https://here.news/story/12d86ea3?ver=2.25

2024-05-21 08:54:52

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

2024-04-29 03:02:10

Oil Prices Fall on Israel-Hamas Ceasefire Talks and US Inflation Concerns
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#12d86ea3 ver:1.73
Oil prices fall on Israel-Hamas ceasefire talks and US inflation concerns, erasing gains from Friday. Brent crude futures down 1.1% to $88.50 a barrel, WTI futures down 1% to $83.01 a barrel. Efforts to mediate ceasefire ease geopolitical tensions. US inflation at 2.7% dim prospects of interest rate cuts, boosting the dollar and hurting oil demand. China's industrial profit growth slows, further weighing on oil demand. Prices could swing higher if US inventory data and China's PMI index improve. #OilPrices #IsraelHamas #Inflation #InterestRates...
#newstr #OilPrices #IsraelhamasCeasefireTalks #UsInflationConcerns #InterestRateCuts
https://here.news/story/12d86ea3?ver=1.73