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Wilson
Wilson
06-11

The summer peak season effect and sudden changes in global politics boost oil futures📊

The summer peak season effect and sudden global political changes are boosting oil futures 📊

💬 WTI crude oil surged 2.2% to $77.4 per barrel, reaching its highest level in over a week. Investors are closely watching the Federal Reserve's interest rate decision and U.S. inflation data. Last week, strong U.S. employment data reduced hopes of a rate cut, impacting economic and energy demand forecasts.

📺 Europe is showcasing a new political drama, with Le Pen winning the EU parliament victory and Macron holding an early re-election. Meanwhile, #OPEC+ will ease production cuts starting in October, continuing until September 2025.

Trading involves significant risks, and losses may exceed your principal.

#UltimaMarkets #News #Trading #MarketTrends #CrudeOil #WTI #USEconomicData #OPEC

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The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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