Crude Oil Prices Plunge Amid Softening Demand and Strong Dollar
Crude oil prices fell 2.5% this week due to a combination of factors, including softening demand projections, a strong US dollar, and rising supply expectations. The decline is part of a bearish outlook highlighted by reports from the US Energy Information Administration (EIA), International Energy Agency (IEA), and OPEC. China’s economic slowdown continues to weigh … Read more