Crude Tumbles Amid Supply Glut and Demand Fears

Brent futures fell below $70 a barrel for the first time since 2021, driven by robust supplies, weak demand from the US and China, and speculative selling, leading to a bearish shift in oil futures.

Sep 13, 2024 - 02:33
Crude Tumbles Amid Supply Glut and Demand Fears
Brent futures fell below $70 a barrel for the first time since 2021, driven by robust supplies, weak demand from the US and China, and speculative selling, leading to a bearish shift in oil futures.

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