Oil prices and stock markets dropped due to economic growth concerns in China and the U.S.
Oil prices and stock markets dropped sharply due to concerns about economic growth in China and the U.S. Brent Crude fell over 4% to $74 per barrel, influenced by weak manufacturing data from both nations. Analysts suggest this downturn reflects a lack of confidence in the global economy, with no signs of increased demand. U.S. equities also declined, raising fears of a possible recession as the Federal Reserve's actions remain uncertain.
September 03, 2024
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