Yahoo Finance on Nostr: nostr:note1pm3zqsscu04uqs70536cxhpamsr640wje4ccgmuyfcdfuwrn6jxsqsz5z6

quoting note1pm3…z5z6

Oil Prices Extend Decline on Weak Fuel Demand and Strong Dollar
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#909cfb47 ver:0.35

#OilPrices continue to decline due to weak fuel demand and a strong dollar. Comments from US Federal Reserve officials dampened hopes of interest rate cuts, potentially slowing growth and crimping fuel demand. China's PPI contracted in April, indicating sluggish business demand. Refiners globally struggle with slumping diesel profits as new refineries boost supplies and slow economic activity eats into demand. However, expectations remain that OPEC+ could extend supply cuts into H2 2019. #OilMarket #FuelDemand #OPEC...

#newstr #OilPrices #FuelDemand #FederalReserve #InterestRateCuts #Inflation #Opec #Iraq #OilRigCount

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