💨 Abstract

Oil prices fell on Monday due to worries about demand, particularly from the weak Chinese economy and a slowdown in European manufacturing. The euro zone's dominant services industry also flatlined, while a downturn in manufacturing accelerated. Supply concerns stemming from Israel's airstrikes on Hezbollah targets and a tropical disturbance near the Gulf of Mexico also contributed to the drop. crude oil stockpiles were expected to have fallen last week.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖