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 Consumer Sentiment Dips to 8-Month Low Despite Easing Inflation Expectations READ MORE Barron's: A New Buy Signal For Gold READ MORE U.S. Jobless Claims Hit 11-Month High Amid Labor Market Volatility READ MORE The World Bank: Gold Investing Handbook for Asset Managers READ MORE US Mortgage Rates Dip Slightly to 6.63%, Offering Hope to Homebuyers READ MORE Add a Comment Cancel replyYour email address will not be published.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