Crude Oil Prices Decline as Demand from China Wavers Amid Middle East Tensions
Monday, 30 September 2024, 05:03
Crude Oil Demand Concerns
Crude oil prices faced downward pressure on concerns regarding Chinese demand. The ongoing uncertainty surrounding economic growth in China has raised alarms among investors.
Middle East Turmoil
Despite increased tensions in the Middle East, the impact on prices has been muted. Analysts suggest that while geopolitical factors can influence short-term fluctuations, broader demand trends play a more critical role in determining oil prices.
- U.S. crude prices are down as of 07:55 ET.
- This marks a third consecutive month of falling prices.
- Demand growth worries are at the forefront of market sentiment.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.