Saturday, September 7, 2024

Oil falls over $1 due to demand fears despite Iran-Israel tensions; Brent at $89

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Oil prices slipped more than $1 on Wednesday, April 17, as US commercial inventories rose, while weaker economic data from China and dampened prospects of interest rate cuts stoked worries about the global demand. Analysts do not expect Iran’s unprecedented missile and drone strike on Israel to prompt dramatic US sanctions on Iran’s oil exports, despite Janet Yellen’s remarks.

 

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Published: 17 Apr 2024, 09:37 PM IST

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