INSUBCONTINENT EXCLUSIVE:
Oil prices experienced a minor decline as traders anticipated the release of US inventory data
The global benchmark, Brent crude for December delivery, fell by 0.04% to $74.22 per barrel.Meanwhile, the US benchmark, West Texas
Intermediate (WTI) crude, dropped 0.27% to $70.39 per barrel
concerns about global supply disruptions
However, tensions in the region remain high, and analysts suggest that any escalation could drive prices up again.Recent data from the
Organization of Petroleum Exporting Countries and the International Energy Agency indicate a slowdown in demand growth.This trend, coupled
Slightly as Market Awaits U.S
(Photo Internet reproduction)The impact of recent stimulus measures on Chinese consumer habits is still unclear
Wall Street Journal projections suggest that US oil stockpiles may increase for the third consecutive week.This potential rise in
inventories could further influence oil prices in the coming days
The market continues to balance geopolitical tensions against economic indicators and supply data.As the global energy landscape evolves,
oil prices remain sensitive to various factors
These include geopolitical events, economic trends, and shifts in supply and demand.Traders and analysts will closely monitor upcoming data
releases and international developments for further market direction.
