Oil Prices Rise Amid Fluctuating Demand Indicators and U.S. Inventory Data

Oil futures closed higher today in a volatile session. The market reacted to key global indicators. The International Energy Agency (IEA) adjusted its projections for global oil demand. They increased the forecast for this year but lowered it for 2025. This change reflects China’s economic slowdown’s impact on consumption. U.S. oil inventories showed a larger-than-expected […]