#inventories

#inventories

Despite moderate increases in U.S. new-vehicle sales in the second quarter, analysts expect further price drops and potential interest rate cuts to stimulate the market.

Oil prices dropped 1% due to U.S. economic concerns, potential summer fuel demand dip, increased inventories, and geopolitical tensions.

The oil market is responding to supply-demand dynamics, economic factors like the Fed's interest rate policy, and global geopolitical instability.

After a drop, WTI crude prices bounced back to previous ranges, influenced by rising demand despite high inventories and OPEC+ plans.

Traders in the market need to be flexible and swift to adapt to the changing trends that may not last long.