Oil Prices Dip Amid Demand and Supply Shifts

Oil prices dipped slightly amid fluctuating U.S. demand and supply dynamics as summer ends, despite a larger-than-expected drop in U.S. crude inventories. International factors, including U.S. pressure on India's Russian oil imports and escalating Russia-Ukraine conflict impacting energy infrastructure, add market uncertainty. A potential U.S. interest rate cut looms, which could boost demand and prices, pending upcoming economic data. Hosted on Acast. See acast.com/privacy for more information.