US Oil Crashes To 4-Year Low | Firstpost Live

Описание: Oil prices are sliding to their lowest levels in nearly four years as multiple global forces converge. The US oil benchmark has dropped below $57 a barrel, reflecting a sharp decline over the past year and past six months. Growing optimism around potential peace talks between Russia and Ukraine has raised expectations that more Russian oil could return to global markets. At the same time, China’s slowing economic momentum and rising adoption of electric vehicles are dampening demand. With supply expected to outpace demand this year and next, traders remain cautious despite ongoing geopolitical risks. 

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