Oil prices steady despite drawdown in U.S. inventories, attention shifts to economic data

From Economy Middle East: 2024-05-30 03:59:07

Oil prices remain steady on Thursday despite optimism over a significant drawdown in U.S. inventories. Brent oil futures hold at $83.61 per barrel, while WTI rises to $79.29 per barrel. Attention shifts to U.S. economic data, with a focus on GDP and inflation figures influencing interest rate decisions. Eyes also on OPEC+ meeting and China PMI data for further market cues.



Read more at Economy Middle East: Oil prices steady amid caution over rate decision and inflation despite significant inventory decline