FMP
Jul 1, 2024 7:05 AM - Parth Sanghvi
Image credit: Maria Lupan
Oil prices nudged slightly higher on Monday in Asian trade, buoyed by a weaker US dollar [investing.com]. However, ongoing anxieties about China's economic slowdown continue to cast a shadow on the oil market, limiting significant price gains.
Understanding the Push and Pull in Oil Prices
A Precarious Balance in the Oil Market
The oil market currently finds itself in a tug-of-war between these opposing forces:
Looking Ahead: Potential Market Movers
Several upcoming events could influence oil prices in the coming days:
Stay Informed with the FMP Economic Indicators API
The FMP Economic Indicators API equips you with the data you need to make informed decisions in the oil market. This API provides real-time and historical data on a wide range of factors that influence oil prices, including:
By leveraging the FMP Economic Indicators API and its comprehensive data set, you can gain valuable insights into the data driving oil prices and make more informed investment decisions https://site.financialmodelingprep.com/developer/docs#economics-data.
Disclaimer: This blog post is for informational purposes only and does not constitute financial advice. Please consult with a qualified financial professional before making any investment decisions.
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