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Oil Falls To 7-Week Low In U.S. Trading On Demand Fears

Rising geopolitical tension in the Middle East failed to lift oil prices at the start of another trading week as demand concerns weighed on market sentiment.

By: Forbes

Aug 01 2024
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Oil Falls To 7-Week Low In U.S. Trading On Demand Fears

An oil pump jack in Stanton, Texas, U.S. (Photo: Brandon Bell)
Getty Images
Oil futures slid by nearly 2% to seven-week lows by the close of trading in the U.S. on Monday, as global demand concerns… [+3454 chars]

Oil Falls To 7-Week Low In U.S. Trading On Demand Fears

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Oil Gains on Prospects of Supply Disruptions in Middle East