Reported about 1 month ago
Oil prices have stabilized after four consecutive days of decline, as traders consider production risks in the Middle East and respond to disappointing economic signals from China. Brent crude futures remained above $74 per barrel, while West Texas Intermediate hovered near $71. Recent geopolitical developments, including US military actions and tensions in the region, continue to affect market dynamics. However, analysts suggest that mixed signals from China's economy may prevent any significant recovery in oil prices.
Source: YAHOO