Reported about 7 hours ago
Oil prices fell by 2% on Monday as OPEC revised down its global oil demand forecast for the third consecutive month, now predicting a growth of 1.9 million barrels per day for 2024 instead of 2 million. Additionally, China's recent stimulus plans failed to provide clarity, disappointing traders. West Texas Intermediate closed at $73.83 per barrel while Brent settled at $77.46, amid concerns over potential supply disruptions in the Middle East.
Source: YAHOO