INSUBCONTINENT EXCLUSIVE:
in 2025.Brent crude futures settled at $71.83 per barrel, reflecting a decrease of $2.04, or 2.76%
Meanwhile, West Texas Intermediate (WTI) futures closed at $68.04 per barrel, down by $2.34, or 3.32%
Both benchmarks had already fallen more than 2% on Friday.Phil Flynn, a senior analyst at Price Futures Group, noted that the recent U.S
(Photo Internet reproduction)Additionally, the U.S
A stronger dollar makes commodities priced in U.S
currency, such as oil, more expensive for holders of other currencies, often exerting downward pressure on prices.In China, consumer prices
rose at their slowest pace in four months during October
measures.Achilleas Georgolopoulos, a market analyst at XM brokerage, highlighted the ongoing weakness in Chinese inflation numbers
He noted concerns about deflation as the annual change in the producer price index fell further into negative territory.The overall economic
momentum in China remains negative
As these developments unfold, investors continue to navigate a complex landscape influenced by both domestic policies and global economic
conditions.The interplay between demand expectations and supply dynamics will remain critical in shaping future oil price movements.
