Oil Prices React to Russian Port Attack but US Demand Concerns Persist

Oil markets saw sharp movements after a Ukrainian drone strike disrupted Russia's largest oil terminal, halting loadings at Primorsk.

Despite initial price gains, concerns over weak US economic data and rising inflation capped the rally. Brent crude settled at $66.99 and WTI at $62.69, reflecting a volatile environment driven by war risks and shifting demand forecasts.

Key trends include:
- US job growth was revised substantially lower, and inflation in August hit its highest monthly increase since January, raising doubts about future oil demand.
- Sanctions and tariffs discussions targeting Russian crude exports to India and China, plus Adani Group's port restrictions, are reshaping global trade routes.
- OPEC+ is set to increase output, potentially raising global supply beyond earlier expectations, though OPEC maintains bullish demand growth in its own forecast.
- Analysts predict further volatility as inventories rebuild and geopolitical events continue to drive sentiment.

Stay informed on the latest oil price trends and what they mean for global energy markets, trade flows, and investment.

Видео Oil Prices React to Russian Port Attack but US Demand Concerns Persist канала Culture Unboxed