Weekly Crude Oil Review: Demand worries weigh
08-Feb-2025
20:42
WTI crude oil futures are lingering around its lowest level for the year 2025 so far amid increasing worries about a slowing global economy and weakening energy demand in China, the world's top oil importer. Moreover, the US reported a much bigger-than-anticipated jump in crude stockpiles last week, signaling weaker demand. Nevertheless, rising geopolitical tensions in the Middle East could provide some support to the WTI price.
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