Oil prices slide on stronger dollar, potential Middle East tensions alleviation
Oil
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Article by:
Elias Al Helou - Middle East Economy
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Date Published:
March 28, 2024
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Who was cited:
FGE
Oil prices declined on Friday due to the potential for a ceasefire in Gaza, which could alleviate geopolitical tensions in the Middle East. Additionally, the stronger U.S. dollar and weakening demand for gasoline in the United States contributed to the downward pressure on prices.
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