INSUBCONTINENT EXCLUSIVE:
The oil market experienced a significant shift this Friday, with prices dropping nearly 3%
about demand and the impact of international policy decisions
authorities to issue bonds worth 838.77 billion dollars over three years
This move aimed to address hidden debts, but markets found it underwhelming.Meanwhile, the strengthening U.S
dollar put additional pressure on oil prices
A stronger dollar typically makes oil more expensive for holders of other currencies, potentially reducing demand.This currency movement
contributed to the downward trend in oil prices
Reports surfaced about potential appointments in the incoming administration.Oil Prices Drop 3% on China Stimulus Disappointment
(Photo Internet reproduction)The possibility of Robert Lighthizer becoming the U.S
Trade Representative raised eyebrows in the oil market
Lighthizer, known for his protectionist views and tough stance on China, could significantly impact trade relations.His potential
appointment signals a continuation of stringent trade policies, which could affect global oil demand and supply chains.Oil Market
Brent crude, the international benchmark, fell 2.32% to $73.87 per barrel.However, it still managed a weekly gain of 1.05%
Similarly, West Texas Intermediate dropped 2.73% to $70.38 per barrel but recorded a 1.20% increase for the week.Natural events also played
a role in market dynamics
to a wide range of factors
From economic policies to political appointments and natural disasters, various elements can sway oil prices.Investors and analysts continue
to monitor these developments closely, assessing their potential long-term impacts on the global energy landscape.
