10% decline in oil prices raises questions on demand destruction

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<p>Oil prices took a significant dip overnight, with WTI now trading USD 10 beneath last week&#8217;s peak of 95.50. This decline is notably perplexing given the absence of a clear triggering event. OPEC+&#8217;s resolution to uphold output cuts is conventionally a precursor for a bullish response in the market. However, the rapid and profound dip [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/live-comments/521631-10-decline-in-oil-prices-raises-questions-on-demand-destruction/">10% decline in oil prices raises questions on demand destruction</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>