Stay updated with breaking news from Barbara lambrecht. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Oil futures prices settled slightly lower on Friday (Jun 14) after a survey showed deteriorating US consumer sentiment, but prices rose 4 per cent for the week as investors weighed forecasts for solid demand for crude oil and fuel in 2024. ....
Oil Demand: Oil prices rose on concerns of high interest rates impacting fuel demand. Federal Reserve s interest rate policy, US crude oil inventories, and statements from Fed Chair Jerome Powell influenced market sentiment. Analysts anticipate market shifts as OPEC+ considers extending production cuts and reports emerge of oil overproduction by Russia. ....
Oil prices rose on concerns of high interest rates impacting fuel demand. Federal Reserve s interest rate policy, US crude oil inventories, and statements from Fed Chair Jerome Powell influenced market sentiment. Analysts anticipate market shifts as OPEC+ considers extending production cuts and reports emerge of oil overproduction by Russia. ....