Despite concerns over supply disruptions and Middle East tensions boosting prices initially, negative sentiment prevails due to disappointing US job growth and weak Chinese economic data.
Reduced Saudi Aramco output and OPEC+ cuts to stabilize prices may not be enough to counter worries of weakened demand and a potential US recession impacting the oil market.
#crude-oil-futures #economic-indicators #supply-disruptions #us-job-growth-data #middle-east-tensions
[
Collection
]
[
|
...
]