Oil Prices Drift Lower as Demand Weakness Weighs on Markets
تحليل معلومات السوق
مدعوم بالذكاء الاصطناعيOil prices declined due to weak demand signals and lingering supply concerns, with WTI and Brent crude trading 0.71% and 0.62% lower respectively.
Market impact analysis based on bearish sentiment with 80% confidence.
سياق المقال
Oil prices slipped modestly in early Asian trading on Wednesday, with the West Texas Intermediate (WTI) down 0.71% to $60.13 and Brent crude trading 0.62% lower at $64.04. The subdued tone reflects a market caught between weak demand signals and lingering supply concerns. On the demand side, investors remain cautious about global growth prospects, especially in Asia, where slower industrial activity and weaker energy consumption are weighing on outlooks. At the same time, a firm U.S. dollar is adding pressure by making dollar-priced crude less…
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