The West Texas Intermediate (WTI) crude oil and Brent markets have displayed signs of resilience, recovering slightly after a recent sell-off.
Get DailyForex analysis to your emailDespite the rebound, the outlook for crude oil remains uncertain, with ongoing debates surrounding industrial demand and the potential impact of an economic slowdown.and Brent markets have displayed signs of resilience, recovering slightly after a recent sell-off.
While short-term bullishness may prevail, analysts caution against expecting a breakthrough to new highs soon. However, the prevailing economic slowdown shadows crude oil's prospects. This slowdown will contribute to a lack of oil demand, limiting the market's upside potential.
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