Oil Prices Fall 17% in Q3: 3 Reasons for the Slide
APA(APA) ZACKS·2024-10-02 04:00
The third quarter of this year saw oil prices taking a significant hit, dropping approximately 17%. While initial fears of supply disruptions stemming from escalating Middle East tensions seemed poised to push prices upward, the global demand picture painted a different story. Investor sentiment began to shift as weakening economic signals, particularly from key regions like China, started to overshadow supply concerns. The overall decline reflects the complex dynamics that currently define the global oil m ...