Brent Oil Falls Below $80 Amid Concerns About Softening Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 28 2024
0mins
Source: Bloomberg
Oil Prices Decline: Brent crude oil prices have fallen below $80 for the first time in seven weeks due to concerns over global demand and a slowdown in China's oil imports, despite geopolitical tensions in the region.
OPEC+ Meeting Anticipation: Investors are looking forward to an upcoming OPEC+ meeting, where key members are expected to discuss output levels, amidst uncertainty about future production plans and the impact of U.S. interest rate decisions on oil prices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
