💨 Abstract

Oil prices remained low on Wednesday, influenced by OPEC's downgraded global demand growth forecast and concerns over China's demand. Prices rose slightly due to tightness in the physical market but were weighed down by falling demand projections and China's weakness. Analysts expect prices to drop further, potentially reaching September's low of around $65.70.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖