Oil Market Dips Amid Middle East Strife and Demand Concerns

Despite ongoing tensions in the Middle East, the oil market experienced a notable decline on Friday without significant bolstering of oil prices. This was largely due to a weak demand forecast. West Texas Intermediate (WTI) for March saw a 0.95% drop, settling at $73.25 per barrel. This occurred on the New York Mercantile Exchange (Nymex). […]

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