Oil Prices Stagnate as Demand Worries Mount Oil prices are hovering near six-week lows as concerns about global demand outweigh positive economic data from China and renewed tensions in the Middle East. Despite China’s industrial profits showing growth and potential supply risks due to conflicts in Israel, the overall sentiment in the oil market remains subdued. This is largely due to China’s recent weak economic growth and reduced oil import volumes. The upcoming OPEC+ meeting and Federal Reserve interest rate decision are key events that could influence oil prices in the near term. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Truth About Gold Jewelry READ MORE Mortgage Markets Shudder as Interest Rates Soar Past 7% READ MORE 56% of Americans Unable to Cover $1,000 Emergency Costs READ MORE Goldman Sachs Urges Investors to Bet on Gold READ MORE December Sees Surge in U.S. Private Sector Jobs, Exceeding Forecasts READ MORE Add a Comment Cancel replyYour email address will not be published.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