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Oil prices fall for fifth day in a row due to demand concerns


Oil prices fall for fifth day in a row due to demand concerns

By Irina Slav – August 22, 2024, 3:07 am CDT Oil prices extended their losing streak to a fifth day on weak demand expectations and speculation about a reversal of OPEC+ production cuts. The main reasons for demand concerns are the economic slowdown in China and weak oil import data. Geopolitical risks […]