💨 Abstract

Oil prices dropped 2% to a two-month low on Tuesday due to weak economic news from the U.S. and Germany, raising concerns about slower energy demand and increased oil output from various countries. Brent and WTI crude oil futures fell to their lowest levels since December, with consumer confidence in the U.S. deteriorating and inflation expectations surging.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖