Oil ticks down in Asian trade despite rising Middle East tensions
Wed, Jan 31, 2024 8:53 AM

Oil ticks down in Asian trade despite rising Middle East tensions

A Flip by Shubhangi Gupta
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Oil prices in Asia fell as concerns about oversupply and weak demand continued, despite gains in the previous session amid tensions in the Middle East. While a strong military response by the US to a recent drone attack may trigger a market reaction, ongoing conflicts in the region and potential impacts on global demand from the Chinese real estate crisis remain bearish factors.

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