Crude oil futures drop two percent on weak cues
Crude oil futures declined two percent in response to subdued global demand indicators and news of a conditional ceasefire between Israel and Lebanon.
Topic cluster
declining
1 source grouped by AFBytes in Economy
AFBytes briefing
Lower crude prices can reduce gasoline costs for American drivers and ease input costs for businesses.
What to watch next
- Watch weekly EIA crude inventory data for confirmation of demand weakness or supply response.