Crude oil prices decline on reduced Middle East risk and weak demand in Asia - London Business News | Londonlovesbusiness.com
Briefly

Crude oil futures are declining as evolving dynamics in the Middle East reduce risk perceptions, showcasing a more stable immediate outlook despite lingering caution.
The fear of supply disruptions has faded as oil infrastructure remains intact, contributing to a stable market environment while potential risks for renewed hostilities linger.
Despite hopes that China’s stimulus will bolster economic growth, demand for crude oil may not rise significantly due to shifts toward consumer spending and electric vehicles.
Weak import figures from China further dampen the demand outlook for oil, with potential OPEC+ production increases possibly exacerbating downward pressures on crude prices.
Read at London Business News | Londonlovesbusiness.com
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