Latest Middle East attacks raises fears of further instability for crude oil - London Business News | Londonlovesbusiness.com
Briefly

Crude oil futures rebounded on Wednesday after hitting a seven-week low, driven by heightened tensions in the Middle East. This adds to recent regional uncertainties...
Despite the geopolitical concerns, oil prices could remain pressured by weak demand in China, the world's largest crude oil importer...
However, US crude oil inventories dropped by 4.495 million barrels for the week ending July 26, exceeding the expected 2.333-million-barrel decline and marking...
On the supply side, OPEC+ could start phasing out its production cuts as planned which could weigh on the market if demand does not pick up...
Read at London Business News | Londonlovesbusiness.com
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