U.S. Crude Oil News: Analyzing the Third Monthly Loss in September
Monday, 30 September 2024, 06:17
U.S. Crude Oil Market Update
Bearing the weight of a declining trend, the U.S. crude oil market is facing significant challenges. The West Texas Intermediate (WTI) benchmark recorded a drop of more than 7% throughout September, while the Brent Crude benchmark fell nearly 9%.
Factors Behind the Decline
- Global Demand Influences
- Supply Chain Disruptions
- Geopolitical Tensions Impact
Future Market Considerations
- Price Fluctuations anticipated in the upcoming quarter.
- Positioning by Major Players to hedge against further losses.
- Global Economic Slowdown continues to affect oil consumption.
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.