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1. • • Growing concerns about weakening demand, particularly from China, have fed the decline. Nonetheless, the U.S. raised its second-half 2024 oil price forecast last week. Global oil prices slid for the third straight day Tuesday, reflecting investors' deepening concerns about declining demand.
     www.investopedia.com/why-oil-prices-falling-8678586

     Why Oil Prices Have Been Falling - Investopedia

2. People also ask

   Why did global oil prices drop 5% since July 4?

   • Global oil prices fell for the third straight day, extending a drop of almost 5% since July 4. Growing concerns about weakening demand, particularly from China, have fed the decline. Nonetheless, the U.S. raised its second-half 2024 oil price forecast last week.

   Why Oil Prices Have Been Falling - Investopedia

   www.investopedia.com/why-oil-prices-falling-8678586

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   Why did oil prices drop on Friday?

   • Recession fears and a stronger U.S. Dollar both continued to weigh on oil prices. Oil prices continued to tank on Friday, posting a fourth straight week of declines and falling to their lowest level since January amid rising fears that a looming economic downturn will hurt global demand in energy markets.

   Oil Plunges To Lowest Level Since January—Here’s Why ... - Forbes

   www.forbes.com/sites/sergeiklebnikov/2022/09/23/oil-plunges-to-lowest-level-since-january-heres-why-experts-say-low-prices-wont-last/

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   Why are oil prices so low?

   • Only the possibility of a direct confrontation between Israel and Iran moved the needle. The long-term expectation is for oil prices to move lower, not higher. That’s because the balance between supply and demand has tilted toward supply, a dynamic that typically deflates oil prices.

   Oil prices fall as reality of weak global demand overtakes risk of wider w…

   apnews.com/article/oil-prices-gasoline-israel-iran-6fb7f2e57072a09287374d67b4fda16a

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   Are oil and gas prices down?

   • Oil and gasoline prices are each down sharply from their yearly highs in April. A gallon of gas at more than half the pumps in the U.S. can be had for less than $3, according to energy analysts. Focus has returned to the fundamentals of global energy markets, which this year has been a story of ample supply and falling demand.

   Oil prices fall as reality of weak global demand overtakes risk of wider w…

   apnews.com/article/oil-prices-gasoline-israel-iran-6fb7f2e57072a09287374d67b4fda16a

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   How has supply and demand impacted oil prices?

   • A one-two punch of supply and demand issues has pressured oil's 10% year-to-date price decline, with demand concerns taking center stage in recent weeks. A growth scare in early August and lingering concerns of a US recession, combined with the continued slowdown in China's economy, have hurt the demand outlook for oil.

   Oil Prices Fall to Lowest Level Since 2021 on Demand Concerns - Markets

   markets.businessinsider.com/news/commodities/oil-prices-outlook-supply-demand-break-down-record-us-production-2024-9

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   Why are oil prices so high?

   • Supply and demand issues, including a slowdown in China's economy, are pressuring prices. OPEC cut its oil demand outlook and delayed production boosts, while US production hits record highs. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview

   Oil Prices Fall to Lowest Level Since 2021 on Demand Concerns - Markets

   markets.businessinsider.com/news/commodities/oil-prices-outlook-supply-demand-break-down-record-us-production-2024-9

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3. www.cnn.com › 2023/12/11 › investingOil prices have been falling for seven weeks straight. Here’s why

   www.cnn.com › 2023/12/11 › investing

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   Dec 11, 2023 · New York CNN — US oil futures notched their seventh straight week of declines on Friday, marking their longest losing streak in five years. The prolonged drop comes as analysts worry about...

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5. apnews.com › article › oil-prices-gasoline-israelOil prices fall as reality of weak global demand overtakes ...

   apnews.com › article › oil-prices-gasoline-israel

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   4 days ago · And the OPEC+ alliance, made up of members of the producers cartel and allied countries including Russia, have less sway over global prices than say the 1970s, when an oil embargo that followed the start of the Yom Kippur war in 1973 quadrupled oil prices. The global supply of oil has been altered radically since then, with the U.S. becoming ...

6. www.weforum.org › stories › 2022Why do oil prices matter to the global economy? An expert ...

   www.weforum.org › stories › 2022

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   Feb 16, 2022 · However, it is probably safe to say that there are three key underlying reasons: 1. Booming economic growth driving demand for oil. Two years ago when COVID-19 started, there was a plunge in economic activity and oil demand. Producers were adjusting production levels, but there is only so much one can do without destroying reservoirs or capital.

7. www.forbes.com › sites › sergeiklebnikovOil Plunges To Lowest Level Since January—Here’s Why Experts ...

   www.forbes.com › sites › sergeiklebnikov

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   Sep 23, 2022 · Oil prices continued to tank on Friday, posting a fourth straight week of declines and falling to their lowest level since January amid rising fears that a looming economic downturn will hurt...

   • Author: Sergei Klebnikov

8. abcnews.go.com › US › wireStoryOil prices fall as reality of weak global demand overtakes ...

   abcnews.go.com › US › wireStory

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   5 days ago · And the OPEC+ alliance, made up of members of the producers cartel and allied countries including Russia, have less sway over global prices than say the 1970s, when an oil embargo that followed ...

9. markets.businessinsider.com › news › commoditiesWhy oil prices have cratered to their lowest level in nearly ...

   markets.businessinsider.com › news › commodities

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   Sep 10, 2024 · Oil prices plunged to their lowest level since December 2021, with Brent oil falling 4% to $68.99 on Tuesday. Supply and demand issues, including a slowdown in China's economy, are pressuring...