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Oil Falls To 7-Week Low In U.S. Trading On Demand Fears

Rising geopolitical tension in the Middle East failed to lift oil prices at the start of another trading week as demand concerns weighed on market sentiment.

By: Forbes

Aug 06 2024
5
190 Views

Oil Falls To 7-Week Low In U.S. Trading On Demand Fears — Oil Falls To 7-Week Low In U.S

An oil pump jack in Stanton, Texas, U.S. (Photo: Brandon Bell) Getty Images Oil futures slid by nearly 2% to seven-week lows by the close of trading in the U.S. on Monday, as global demand concerns… [+3454 chars]

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