Reported 1 day ago
Crude oil prices are facing downward pressure due to a stronger dollar and disappointing U.S. housing data, which reflects lower energy demand. Despite an unexpected drop in crude inventories and gasoline supplies, fears of a global oil glut linger, as OPEC+ plans to raise production. Meanwhile, ongoing Ukrainian attacks on Russian oil infrastructure could tighten supply, potentially offsetting some losses in prices.
Source: YAHOO