Reported 13 days ago
Oil prices experienced their largest decline in two weeks, influenced by weak demand forecasts from China, a stronger US dollar, and fears of oversupply. Brent crude fell below $72, and West Texas Intermediate hovered around $68. Concerns persist about a potential global supply surplus next year as OPEC's market report is expected to provide further insights. Experts indicate a bearish sentiment in the oil market, driven by the strong dollar and demand uncertainties.
Source: YAHOO