Reported about 1 month ago
Oil prices have experienced their largest weekly drop in 11 months, with West Texas Intermediate falling to $67.67 a barrel as weak US jobs data raised concerns about sluggish demand in the world's largest oil consumer. Despite OPEC+ postponing a planned output increase, fears of demand deterioration from both the US and China continue to pressure prices downward, leading analysts to predict potential further declines into the $60 range by 2025.
Source: YAHOO