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1. • Worries that global oil demand growth

     • Crude prices eased about 1% on Friday on worries that global oil demand growth could be hit by a strong U.S. dollar and negative economic news from some parts of the world.
     www.reuters.com/business/energy/oil-prices-slip-rate-hike-worries-come-into-focus-2024-06-21/

     Oil prices ease on strong dollar, mixed global economic news

2. People also ask

   Why did oil prices ease 1% on Friday?

   • Covers the North American power and natural gas markets. Crude prices eased about 1% on Friday on worries that global oil demand growth could be hit by a strong U.S. dollar and negative economic news from some parts of the world.

   Oil prices ease on strong dollar, mixed global economic news

   www.reuters.com/business/energy/oil-prices-slip-rate-hike-worries-come-into-focus-2024-06-21/

   See all results for this question

   Why did crude prices ease 1% on Friday?

   • REUTERS/Adrees Latif/File Photo Purchase Licensing Rights June 21 (Reuters) - Crude prices eased about 1% on Friday on worries that global oil demand growth could be hit by a strong U.S. dollar and negative economic news from some parts of the world.

   Oil prices ease on strong dollar, mixed global economic news

   www.reuters.com/business/energy/oil-prices-slip-rate-hike-worries-come-into-focus-2024-06-21/

   See all results for this question

   Why did oil prices fall 1%?

   • By Scott DiSavino NEW YORK (Reuters) -Oil prices fell about 1% to a one-week low on Wednesday after the U.S. Federal Reserve left interest rates unchanged as widely expected, but stiffened its hawkish stance with a further rate increase projected by the end of the year.

   Oil prices ease 1% after US Fed warns of higher rates for longer

   finance.yahoo.com/news/oil-prices-rise-concerns-over-010937708.html

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   Why are oil prices rising?

   • That has spurred a jump in US gasoline prices, which hit an average of $3.73 a gallon on Friday, their highest level since mid-November 2022. Fears of a global recession have swirled for months, and a lackluster economic recovery in China had dampened prospects for energy demand. So why are oil prices climbing?

   Why oil prices are on their strongest run since before Russia invaded

   www.cnn.com/2023/07/28/energy/oil-prices-rising-post-ukraine-explainer/index.html

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   Are global oil prices heading for a fifth-straight week of gains?

   • Global oil prices have gained more than 16% since late June and are heading for their fifth-straight week of gains, the longest rally since before Russia’s full-scale invasion of Ukraine upended energy markets. The price of Brent crude, the global benchmark, ticked down 0.1% to $84 a barrel in Friday, but is still up 3.9% this week.

   Why oil prices are on their strongest run since before Russia invaded

   www.cnn.com/2023/07/28/energy/oil-prices-rising-post-ukraine-explainer/index.html

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   How do higher interest rates affect oil prices?

   • The higher rates boosted borrowing costs for consumers and businesses, which can slow economic growth and reduce demand for oil. A stronger U.S. dollar can also reduce demand for oil by making greenback-denominated commodities like oil more expensive for holders of other currencies.

   Oil prices ease on strong dollar, mixed global economic news

   www.reuters.com/business/energy/oil-prices-slip-rate-hike-worries-come-into-focus-2024-06-21/

   See all results for this question

3. www.reuters.com › business › energyOil prices ease on strong dollar, mixed global economic news

   www.reuters.com › business › energy

   Jun 21, 2024 · Crude prices eased about 1% on Friday on worries that global oil demand growth could be hit by a strong U.S. dollar and negative economic news from some parts of the world.

4. www.reuters.com › business › energyOil settles 1% lower as Mideast ceasefire talks ease supply ...

   www.reuters.com › business › energy

   Jul 5, 2024 · Oil prices settled lower on Friday as the rising possibility of a ceasefire deal in Gaza outweighed strong summer fuel demand and potential supply disruptions from Gulf of Mexico hurricanes.

5. Videos

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     Why do oil prices matter to the global economy? An expert explains

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     Why are Middle East oil supplies critical to the global economy? | Counting the Cost

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     nytimes.com

     Oil Prices: What’s Behind the Drop? Simple Economics

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6. ca.finance.yahoo.com › news › oil-prices-slip-rateOil prices ease on strong dollar, mixed global economic news

   ca.finance.yahoo.com › news › oil-prices-slip-rate

   • Cached

   Jun 21, 2024 · (Reuters) -Crude prices eased about 1% on Friday on worries that global oil demand growth could be hit by a strong U.S. dollar and negative economic news from some parts of the world....

7. www.reuters.com › markets › europeOil futures ease 1% as China widens COVID curbs | Reuters

   www.reuters.com › markets › europe

   Oct 28, 2022 · Oil prices eased about 1% on Friday after top crude importer China widened its COVID-19 curbs, though the crude benchmarks were poised for a weekly gain on supply concerns and surprisingly...

8. www.cnn.com › 2023/07/28 › energyWhy oil prices are on their strongest run since before Russia ...

   www.cnn.com › 2023/07/28 › energy

   • Cached

   Jul 28, 2023 · The price of Brent crude, the global benchmark, ticked down 0.1% to $84 a barrel in Friday, but is still up 3.9% this week. The winning streak is the longest since an eight-week rally ended...

9. money.usnews.com › investing › newsOil Settles up 1% as OPEC Report Dampens Demand Concerns

   money.usnews.com › investing › news

   • Cached

   Nov 12, 2023 · BENGALURU (Reuters) - Oil prices rose by more than 1% on Monday after OPEC's monthly market report eased worries about waning demand and a U.S. probe into suspected violations of Russian oil...

10. finance.yahoo.com › news › oil-prices-rise-concernsOil prices ease 1% after US Fed warns of higher rates for longer

    finance.yahoo.com › news › oil-prices-rise-concerns

    Sep 20, 2023 · NEW YORK (Reuters) -Oil prices fell about 1% to a one-week low on Wednesday after the U.S. Federal Reserve left interest rates unchanged as widely expected, but stiffened its hawkish stance...