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12 hours ago · Fuel Demand Slowdown and Interest Rate Pessimism Weigh on Oil Prices. By Irina Slav - May 13, 2024, 1:37 AM CDT. Crude oil prices began the week with a decline on signs of slowing fuel demand and ...
12 hours ago · “The prices data suggests that domestic demand is recovering, supply and demand continues to improve and the outlook for domestic demand and price recovery is optimistic,” a China Everbright Bank analyst told Reuters, adding that “However, consumer prices remain low and the industrial manufacturing sector is still under pressure, reflecting insufficient effective demand and that recovery ...
12 hours ago · SINGAPORE (Reuters) -Oil prices extended declines on Monday amid signs of weak fuel demand and as comments from U.S. Federal Reserve officials dampened hopes of interest rate cuts, which could slow growth and crimp energy use in the world's biggest economy. "Oil markets shrugged off the impact of the Middle East conflicts and shifted (their) attention to the world economic outlook again ...
12 hours ago · Signs of slowing fuel demand and yet more indications from the Fed that interest rate cuts aren’t coming any time soon have put downward pressure on oil prices.
