Oil Prices Slip: Economic and Geopolitical Forces at Play

After a brief rally, oil prices dropped on Friday, reflecting a near-2% weekly loss largely due to concerns about China’s diminished demand as the world’s foremost commodities consumer. On the New York Mercantile Exchange, West Texas Intermediate (WTI) for September slid by 1.43%, ending at $77.16 a barrel. Similarly, Brent crude for October on the […]