Consumer Confidence Impact on Oil Prices
Friday, 12 July 2024, 22:08
Consumer Confidence Impact on Oil Prices
The weakening consumer confidence in the U.S. has resulted in a decline in oil prices at the end of the week.
Price Movement
Highlights: Brent crude futures dropped 37 cents to $85.03 per barrel, and West Texas Intermediate oil fell 41 cents to $82.21.
- Consumer Confidence: Decline raises concerns
- Economic Stability: Impact on oil demand
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.