"Crude oil prices, while stabilized, remain under downward pressure from macroeconomic factors, particularly concerns over China's slowing economy and its impact on global demand."
"In the U.S., the revised employment data has revealed fewer jobs than previously reported, casting a negative sentiment on the market in spite of decreased crude inventories."
"The anticipation of a Federal Reserve interest rate cut in September has caused mixed market reactions, as lower rates could boost oil demand but overall sentiment stays cautious."
"Recent economic indicators, including an expected rise in Initial Jobless Claims and a slight contraction in Services PMI, suggest weakening economic activity that may reduce oil demand."
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