Light Crude oil (WTI) prices saw significant volatility this week as a combination of geopolitical risks, weak demand from China, and rising U.S. production created a two-sided market. Despite the price swings, crude managed to hold relatively stable, as fears of potential supply disruptions offset bearish factors like increased inventories and lackluster demand growth.
Key factors that shaped crude oil prices over the past week are highlighted, alongside potential influences on market trends in the coming days. Middle East Tensions Create Supply…Bearish Factors Build in Oil Markets Despite Middle East Tensions
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