💨 Abstract

Oil prices fell on Monday due to weak demand concerns from disappointing euro zone business activity and China's economic struggles. business activity remained steady but showed a potential pickup in inflation. Supply concerns from Israel's airstrikes and a tropical disturbance in the Gulf of Mexico added to the pressure. Oil prices had risen last week due to the U.S. Federal Reserve's interest rate cut.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖