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 Precious Metals Prices Show Mixed Trends, Index Remains Sideways READ MORE U.S. Wholesale Inflation Steady at 0.2% in August, Core Prices Edge Higher READ MORE Record Lows for Yen Trigger Stock Surge – But at What Cost? READ MORE America Blew Almost $2 Trillion. Make It Stop: Kathryn Edwards READ MORE Economic Indicators and Political Shifts Propel Gold Above $2,425 READ MORE Add a Comment Cancel replyYour email address will not be published.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