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Oil Prices on Track for 5-day Losing Streak
Oil futures fell Friday morning, on track for a fifth straight decline as traders noted concerns that the Federal Reserve may keep interest rates elevated for longer than previously anticipated, posing a threat to demand if it causes a sharp economic slowdown.
The Fed's interest rate cut is expected to fall again, and international oil prices will rise first and then fall
This week (5.16-5.22), crude oil as a whole showed a trend of rising and then falling. WTI averaged 79.18 US dollars/barrel this week, up 0.53 US dollars/barrel, or 0.67% from the previous week.
Oil Holds Near Three-Month Low as Market Shows Signs of Weakness
Oil traded near lowest level in over three months as the market flashed signs of weakness ahead of the US summer driving season.
Supply shortages or explode oil prices UBS predicts that oil will rise to $91
As the oil market faces supply shortages, UBS expects the price of Brent crude oil to rise to $91 per barrel in the next few months.
Everything You Need to Know on Thursday: Copper's Downward Trend Continues as High Prices Repel Chinese Purchasers
Good morning mooers! Here are things you need to know about today's market:
Oil Prices Attempt to Snap 3-day Losing Streak
Oil futures rose Thursday morning, attempting to snap a three-day losing streak as investors weigh the outlook for Federal Reserve policy and crude demand.