Oil Prices Drift Lower as Demand Weakness Weighs on Markets ...Middle East

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Oil Prices Drift Lower as Demand Weakness Weighs on Markets
source : OILPRICE ( Middle East ) () 58
Oil prices slipped modestly in early Asian trading on Wednesday, with the West Texas Intermediate (WTI) down 0.71% to $60.13 and Brent crude trading 0.62% lower at $64.04. The subdued tone reflects a market caught between weak demand signals and lingering supply concerns. On the demand side, investors remain cautious about global growth prospects, especially in Asia, where slower industrial activity and weaker energy consumption are weighing on outlooks. At the same time, a firm U.S. dollar is adding pressure by making dollar-priced crude less…

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