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quoting note1r8e…mrtn

Oil prices stabilize after weekly losses amid OPEC+ output cuts
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#12d86ea3 ver:1.91

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 lower prices will prompt the US government to replenish strategic reserves. OPEC+ may extend output cuts if demand doesn't pick up. Oil prices rise on OPEC+ production cuts, but weekly losses continue due to US economic uncertainty and limited supply disruptions from the Israel-Hamas war. Brent crude for July delivery is up, but both benchmarks are on track for weekly losses. OPEC+ could extend production cuts if demand doesn't improve. #OilPrices #OPEC #OutputCuts #USDemand #StrategicReserves...

#newstr #OilPrices #Opec #Opec+

https://here.news/story/12d86ea3?ver=1.91