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Oil: prices have evolved at a rapid pace

16/02/2024
Source : ORISHAS FINANCE
Categories: Raw materials

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Oil prices were up and down this weekend. Investors are questioning the slowdown in demand expected by an influential group and the weakness of retail sales in the United States

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West Texas Intermediate crude oil futures rose 1 cent to $78.04 per barrel. Brent oil futures fell by 11 cents, or 0.1%, to $82.75 per barrel at 00:131 GMT. Both contracts soared by more than 1% on Thursday, as a sharper than expected drop in retail sales in the United States raised hopes that the Federal Reserve will soon start cutting interest rates in the coming months, which could be positive for oil demand

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