Today in Markets

Cooling Demand

Oil price slump signals a rough reality for economic growth
Jack Inabinet Jack Inabinet Nov 7, 20231 min read
market analysis Cooling Demand

Cooling Demand: Oil prices broke August lows and are down 4% amid concerns of slowing demand. Can crypto outperform if the economy continues to worsen?

While Chinese oil imports have shown signs of growth, exports contracted faster than expected. Oil prices rebounded in early October in response to renewed conflict between Israel and Palestine, but they’ve been on the decline since the 20th of last month.

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