Brent Oil Falls Below $80 Amid Concerns About Softening Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 28 2024
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Should l Buy ?
Source: Bloomberg
Oil Prices Decline: Brent crude oil prices have fallen below $80 for the first time in seven weeks due to concerns over global demand and a slowdown in China's oil imports, despite geopolitical tensions in the region.
OPEC+ Meeting Anticipation: Investors are looking forward to an upcoming OPEC+ meeting, where key members are expected to discuss output levels, amidst uncertainty about future production plans and the impact of U.S. interest rate decisions on oil prices.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
