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 56% of Americans Unable to Cover $1,000 Emergency Costs READ MORE Weak July Jobs Data Stirs Recession Fears, but Economists Urge Caution READ MORE Gold Hits Record $2,400 as Middle East Tensions Heighten READ MORE US Treasuries Lose Edge Over Gold as Safe-Haven Investment READ MORE What's Next for Gold After 2023's Record Total Demand? READ MORE Add a Comment Cancel replyYour email address will not be published.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