Oil prices are in recovery mode, but demand concerns persist.
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Oil Prices Drop Ahead Of Fed Announcement | OilPrice.comOil prices were down on Wednesday morning ahead of a Fed update on interest rates and other monetary policy measures.
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Major Products Draws Send Oil Prices Higher | OilPrice.comCrude oil prices increased despite US crude oil inventories rising by 1.1 million barrels. Gasoline and middle distillate fuel stocks declined, while gasoline production rose to 9.5 million barrels daily.
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Oil Prices Rise As Fed Announces Small Rate Hike | OilPrice.comOil prices rise nearly 2% after the Federal Reserve raises interest rates by 25 basis points, citing the soundness of the US banking system. Despite concerns of bank failures, the Fed plans to continue its aggressive campaign to combat inflation.
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Oil Prices Under Pressure From Oversupply And Economic Uncertainty | OilPrice.comOil prices fell on Thursday morning as the market digested Jerome Powell’s latest statement and settled in for two months of oversupply.
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Goldman Sachs Expects Oil Prices To Climb Higher In June | OilPrice.comGoldman Sachs remains bullish on oil prices, expecting a deficit by June that will send oil prices higher.
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WoodMac: Oil Prices Could Surprise To The Upside With China’s Reopening | OilPrice.comChina has a history of under-promising and over-delivering on economic growth, a trend that means there is plenty of upside for oil prices.
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