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Oil settles down 2% on weaker Chinese demand, uncertainty over Fed rate cut

16 تشرين الثاني 2024
Oil prices dropped over 2% on Friday, driven by concerns about weakening demand from China and the potential for slower interest rate cuts by the U.S. Federal Reserve. China's factory output slowed, and its demand for oil decreased, while U.S. economic data was stronger than anticipated, potentially influencing the Fed's decision on rate cuts.

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