Global Oil Markets Respond to U.S. Economic Signals and Geopolitical Tensions
On Thursday, May 23, the world witnessed another downturn in oil prices, with global markets reacting nervously to U.S. economic indicators and a rising dollar. The New York Mercantile Exchange saw West Texas Intermediate (WTI) for July fall by 0.90% to $76.87 a barrel. Meanwhile, Brent for August dropped 0.65% to $81.11 on the Intercontinental […]