Oil futures made a minor rebound after two days of losses, responding to mixed signals from both rising supply and new economic stimulus efforts.
Despite a brief recovery, the market remains under pressure from increased production in Libya and OPEC+, coupled with sluggish consumption patterns in key regions.
China's recent stimulus, including lower interest rates, offers some market support, but uncertainty looms over its actual impact on fuel demand amid ongoing economic challenges.
The oil market is navigating through conflicting signals, with hopes for recovery tempered by significant supply increases and distant fuel consumption recovery prospects.
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