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Oil Steadies as US Inflation Cools, Russia Vows to Cut Output.
In: Bloomberg.com, 2024-06-13, S. N.PAG
Online
serialPeriodical
Zugriff:
Oil prices stabilized after a period of strong gains, as US economic data indicated a decrease in inflation and Russia pledged to reduce its oil output. The US producer prices fell, suggesting a slowdown in consumer price increases. The Federal Reserve decided to keep interest rates unchanged and projected only one rate cut for the year. Despite these developments, concerns about demand and ample supplies have caused oil prices to trend lower since April. The International Energy Agency also warned of a major surplus in global oil markets due to the shift away from fossil fuels. Additionally, there have been recent attacks on ships off the coast of Yemen. [Extracted from the article]
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Oil Steadies as US Inflation Cools, Russia Vows to Cut Output.
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Autor/in / Beteiligte Person: | Fanzeres, Julia ; Fitzgerald, Jordan |
Zeitschrift: | Bloomberg.com, 2024-06-13, S. N.PAG |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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