Oil Prices Under $90 A Barrel Despite Middle East Tensions

Oil prices remain below $90 a barrel, defying expectations due to concerns about global demand.
  • Weak economic data from China, the world's biggest oil importer, is fueling worries about consumption.
  • Potential increases in U.S. oil stockpiles are adding downward pressure on prices.
  • Tensions in the Middle East, typically a price driver, haven't translated into significant price hikes.
  • This suggests the market is prioritizing demand concerns over potential supply disruptions.

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