Geopolitical Risks Cap Oil's Decline Oil prices experienced a slight decline on Wednesday due to a smaller-than-expected decrease in U.S. crude inventories and persistent concerns about Chinese demand. However, the drop was limited by ongoing supply risks in the Middle East and Libya. U.S. crude stocks fell less than anticipated, while refining activity increased. The market remains cautious about China’s economic struggles and its impact on oil demand. Meanwhile, geopolitical tensions in Libya and the Middle East continue to pose significant supply risks, preventing a steeper price drop. The interplay between these bearish and bullish factors is keeping oil prices in a delicate balance, with Brent crude and WTI futures both showing modest declines. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Tax Season and Rising Debt Costs Push U.S. February Deficit Wider READ MORE What Is Driving Gold & Silver Prices? READ MORE Economic Indicators Misfire: No Recession Despite Warning Signs READ MORE Why Britain Is Still Paying the Price for Gordon Brown’s Gold Bullion Blunder READ MORE Gold Nears Record Highs Despite Fed's Hawkish Stance on Rates READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment