Oil Prices Volatile Amidst Supply and Demand Concerns
TL;DR
Oil prices fell for the fourth consecutive week due to persistent concerns about demand growth. Despite signs that Iraqi oil exports may not resume soon and the US considering purchasing crude to refill the strategic reserve, a strong dollar on Friday wiped out any gains made by West Texas Intermediate, which briefly appeared to snap its losing streak.
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- Oil staring at $70s lows again, with less love from China this time By Investing.com Investing.com
- Oil Price Forecast: WTI Slides as Supply and Economic Fears Intensify FX Empire
- Energy Flat on Demand Concerns -- Energy Roundup MarketWatch
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