Oil prices are expected to stabilize at their lowest since July due to weak demand outlook – MarketWatch

Oil prices are expected to stabilize at their lowest since July due to weak demand outlook – MarketWatch

Oil futures fell on Thursday as crude oil prices in the United States and around the world were on track to mark their lowest settlements since July, as concerns remain about the outlook for demand.

The Energy Information Administration on Wednesday reported a sharp weekly drop of 9.4 million barrels in U.S. crude supplies, as well as a 4.3 million barrel drop in gasoline inventories, but the…

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