IEA's Birol says oil prices over USD 120/bbl is putting a lot of pressure on many countries
IEA's Birol indicating that oil prices above USD 120/bbl are exerting significant pressure on countries suggests a notable strain on economic conditions and potential inflationary pressures globally.
California gasoline price tops USD 6/gallon for first time since 2023, Bloomberg reports
[ANALYSIS] Iranian War Day 62: US prepares strike options as blockade pressure peaks
IEA's Birol says oil prices over USD 120/bbl is putting a lot of pressure on many countries
Oman crude OSP calculated at USD 104.73/bbl for June (prev. USD 124.05/bbl in May)
Spain's stock market spokesperson says IBEX market data is now correct, issues have been resolved
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This could lead to increased demand for alternative energy sources and impact central banks' policy decisions, particularly in energy-dependent economies. Traders should monitor how these sentiments influence commodity markets and energy currencies moving forward.
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