Oil prices remain at 8-month lows due to recession concerns outweighing Mideast tensions.
Oil prices remain at 8-month lows, as concerns about a US recession outweigh the impact of Mideast tensions. The ongoing economic uncertainty is exerting more pressure on oil prices, despite geopolitical factors in the region. In short, the article highlights the balance between recession fears and Mideast tensions in determining oil prices.
August 05, 2024
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