The Strong Dollar Is Back and Weighing on Oil Prices ...Middle East

OILPRICE - Economy
The Strong Dollar Is Back and Weighing on Oil Prices
source : OILPRICE ( Middle East ) () 70
Crude oil prices fell 2.5% this week due to softening demand projections, a strong U.S. dollar, and rising supply expectations. Amid global economic uncertainty, reports from the U.S. Energy Information Administration (EIA), the International Energy Agency (IEA), and OPEC are collectively highlighting a bearish outlook, particularly as non-OPEC supply growth appears likely to outpace sluggish demand. Key factors remain China’s economic slowdown, dollar strength, and record-high U.S. output. China’s Economic Challenges Weigh on Oil Demand…

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