neutral
Oil prices ease slightly as traders weigh supply outlook against slowing demand indicators
Crude oil prices eased marginally in Thursday’s session as traders evaluated weakening demand signals from major consuming regions against expectations of constrained supply. Benchmark Brent and WTI futures traded lower after new data showed slower refinery activity in parts of Asia and softer industrial output in the Eurozone. However, analysts highlighted that ongoing production discipline from OPEC+ members and reduced inventories in the United States could offer price support in the near term.
Market participants are closely monitoring geopolitical risks and winter consumption trends as volatility remains elevated.
Reuters• By Pooja Kumari
Explore:High Return Equity Mutual Fund
neutral
Oil prices ease slightly as traders weigh supply outlook against slowing demand indicators
Crude oil prices eased marginally in Thursday’s session as traders evaluated weakening demand signals from major consuming regions against expectations of constrained supply. Benchmark Brent and WTI futures traded lower after new data showed slower refinery activity in parts of Asia and softer industrial output in the Eurozone. However, analysts highlighted that ongoing production discipline from OPEC+ members and reduced inventories in the United States could offer price support in the near term.
Market participants are closely monitoring geopolitical risks and winter consumption trends as volatility remains elevated.
Reuters• By Pooja Kumari
Explore:High Return Equity Mutual Fund
Breaking
neutral
Oil prices ease slightly as traders weigh supply outlook against slowing demand indicators
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Oil prices slipped slightly as traders balanced slowing demand indicators with supply constraints from major producers.
Crude oil prices eased marginally in Thursday’s session as traders evaluated weakening demand signals from major consuming regions against expectations of constrained supply. Benchmark Brent and WTI futures traded lower after new data showed slower refinery activity in parts of Asia and softer industrial output in the Eurozone. However, analysts highlighted that ongoing production discipline from OPEC+ members and reduced inventories in the United States could offer price support in the near term.
Market participants are closely monitoring geopolitical risks and winter consumption trends as volatility remains elevated.
Crude oil prices eased marginally in Thursday’s session as traders evaluated weakening demand signals from major consuming regions against expectations of constrained supply. Benchmark Brent and WTI futures traded lower after new data showed slower refinery activity in parts of Asia and softer industrial output in the Eurozone. However, analysts highlighted that ongoing production discipline from OPEC+ members and reduced inventories in the United States could offer price support in the near term.
Market participants are closely monitoring geopolitical risks and winter consumption trends as volatility remains elevated.
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