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Oil Prices Jump as Europe Hints at June Rate Cuts. Brent crude and U.S. benchmark crude oil prices gained well over 1% in thin Monday trading, with international inflation data and the potential for rate cuts globally taking center stage on Memorial Day weekend, with U.S. and London markets closed for the holiday.  At 12:48 p.m. ET on Monday, Brent crude was trading at $83.07, up 1.16% on the day, while West Texas Intermediate (WTI) was trading at $78.68, up 1.24% on the day.  Asian and European stock markets also benefited on Monday, with some renewed optimism about rate cuts… http://ow.ly/Giiz105uB8e

🏛🛢 The BOE Governor's speech and Crude Oil Inventories go head-to-head in today's market. 🤔 Who has the upper hand? 🔍 Check out our daily outlook and get the full scoop on all the events. https://lnkd.in/dB3jvfsZ 📈 Happy Trading!! 🌐 Commodity Samachar Learn and Trade with Ease! 💹📚 #forex #economicdata

Oil Prices Jump as Europe Hints at June Rate Cuts. Brent crude and U.S. benchmark crude oil prices gained well over 1% in thin Monday trading, with international inflation data and the potential for rate cuts globally taking center stage on Memorial Day weekend, with U.S. and London markets closed for the holiday.  At 12:48 p.m. ET on Monday, Brent crude was trading at $83.07, up 1.16% on the day, while West Texas Intermediate (WTI) was trading at $78.68, up 1.24% on the day.  Asian and European stock markets also benefited on Monday, with some renewed optimism about rate cuts… http://ow.ly/Giiz105uB8e

Brent just broke a major support level - the 200 DMA - and is back below 80 - for the first time since July. In the past few days, we saw traders buying options to protect against the downside. Key Factors 👇 ✔ The risk premium from the Israel-Hamas conflict has diminished recently, shifting traders' focus to softening demand. ✔ China, the world's largest crude importer, refining margins are decreasing, oil and fuel inventories are growing, and air travel hasn't significantly recovered. ✔ Despite government measures, business and consumer confidence in China remains low, affecting the economic outlook. ✔ US data suggests a 20-year low in gasoline demand per capita for the coming year due to high fuel prices and inflation impacting non-essential driving. ✔ Russian oil shipments are at a near four-month high, and US crude inventories rose by nearly 12 million barrels last week. ✔ Fed Chair Jerome Powell and other US central bankers hint at future interest rate directions. Where is Crude heading next? #crudeoil #crude #crudeoiltrading #saudi #russia For more market insights - subscribe to our Newsletter https://lnkd.in/e2aZ8SS6

Great Deflationary Reset Tilt From Crude Oil - That the 2023 Producer Price Index's year-over-year low is minus 3.1% and 2008's high was 9.9% may indicate a deflationary tilt, with implications for crude oil and commodities. What's notably different is that the Federal Reserve started cutting rates in September 2007. The full report is on the Bloomberg terminal here {BI COMD} Bloomberg Intelligence #crudeoil #commodities #macroeconomic

Oil headed for a weekly gain ahead of US inflation data that may give further clues on the path forward for monetary policy, shaping appetite for risk assets including commodities such as crude. #EnergyConnects #energynews #energyindustry #news #oott #oilandgasindustry

Oil prices struggled on Wednesday after sliding to their lowest levels in over three months in the previous session, weighed down by concerns over waning demand in the world's top oil consumers, the United States and China.(Reuters). The Crude Oil market is bearish and the breakout slide into new lows cautions for a washout to 75.10 and chance for an extreme at 73.80. Look for a bottoming spike low at 74.10. Minor corrections stalling below 77.40 will retain bear trend forces and likely bear flag for selloffs. A close over 80.20 starts a multi-day retracement to 82.30. Read more: https://lnkd.in/eGdDGW_x   #FxGrow #MarketNews #OnlineTrading #Finance #Economics #Investment #Forextrading #GlobalMarket

Oil Prices Up as Europe May Cut Rates Brent crude and WTI oil prices rose over 1% in this week’s trading, as international inflation data and the potential for rate cuts globally will be out soon.  On Monday, Brent crude was trading at around $83.07, up 1.16% compared to the previous closing price, while West Texas Intermediate (WTI) was trading at $78.68, up 1.24%.  Monday also saw gains for both Asian and European stock markets, as there was a resurgence of hope over rate reductions following the U.S. Federal Reserve's attempt last week to calm markets by requesting additional time to ensure that inflation was indeed approaching the 2% target. Oil and stock prices have spiked as well due to growing hope that the European Central Bank, which meets on June 6, may take constructive steps toward lowering interest rates. Olli Rehn, the governor of the Bank of Finland and the governor of the European Central Bank, has made things easier by speculating that rate cuts might start in June because inflation was approaching the 2% target for the entire euro zone. The euro zone's inflation rate for April was 2.4%, marking the seventh consecutive month that it fell below 3%. Markets will be eager to see the May data, which is slated to be released on Friday of this week. Contact us: WhatsApp: +968 7999 2732 Mail: [email protected] LinkedIn: petro-daleel Instagram : petro_daleel X: Petrodaleel #oil #oilprices                  #inflation            #ratecuts          #brent     #wti  

Crude oil prices are rising, though future trends may be determined by rate changes. Key points to consider: ⭐ Crude oil prices have spiked, driven by various geopolitical and market factors. 🌍 Rising oil prices could lead to increased inflation and affect global economic stability. 💼 Investors and consumers should stay informed about these trends to understand potential financial implications. Keeping an eye on these developments can help you make more informed decisions in a volatile market. How do you think rising crude oil prices will impact the economy and your investments? #CrudeOil #EnergyMarkets #OilPrices #EconomicImpact #MarketTrends #Inflation #GlobalEconomy #Investment Source: https://lnkd.in/ggzy9Tth