Crude Oil Market Overview The current state of the crude oil market is marked by a downward trend, with both the international benchmark Brent crude and the U.S. benchmark WTI crude oil on track for a significant weekly decline. This downturn is driven by concerns over demand and a diminishing war-risk premium, intensified by recent geopolitical events.
Economic Influences and Market Reactions Compounding the market's woes, recent comments by U.S. Federal Reserve Chairman Jerome Powell about potential future interest rate hikes have unsettled expectations…What Will It Take For Oil Prices To Stop Falling?
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