Brent Oil Sinks Below $70 as Economic Worries Shake Market
For the first time since December 2021, Brent oil has dropped below $70 a barrel, falling 2.8%, as oversupply concerns continue to grip the market. The decline is driven by several factors: Weak economic data from China and the USâthe world’s top two oil consumersâhas raised concerns about future demand.Surging output from non-OPEC nations, adding…
