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Brent Oil

Oil Slides on API, Fed Rhetoric

Oil Slides on API, Fed Rhetoric

Despite escalating tensions globally, oil prices dropped for a third consecutive day on Tuesday, May 21, driven by an oil inventory build and the Fed's stubborn stance against falling inflation.

US CPI Weighs on Oil Demand

US CPI Weighs on Oil Demand

Crude oil prices fell on Tuesday due to rising inflation and demand concerns. However, the oil market faces significant uncertainty around the Fed, OPEC's production cuts, and weakening China indicators.

Oil Near $100 After OPEC+ Extension

Oil Near $100 After OPEC+ Extension

WTI is surging toward $100 after OPEC+ cuts extension in early September, supported by the latest API and China data. However, concerns about the impact of higher prices on inflation and the possibility of a recession in the US loom.

Oil Clears $80 as OPEC Meeting Looms

Oil Clears $80 as OPEC Meeting Looms

Oil reached a 3-month high following a big crude stock drop, marking the largest decline since 1982. We explore its impact on oil prices, the current situation in China, and the upcoming OPEC meeting due on Friday.


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