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Tag: demand prospects

“Oil Prices Skyrocket: Traders Eagerly Watch Surging Demand Prospects – Don’t Miss Out!”

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Oil futures experienced an increase on Thursday, as traders considered the support from a continuous weekly decline in US crude inventories versus the pressure from concerns about the outlook for energy demand. The Energy Information Administration (EIA) recently reported a weekly decline of 5.1 million barrels. However, Michael Hewson, chief market analyst at CMC Markets […]

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