Oil Prices Fall as Global Demand Concerns Eclipse Supply Fears

Oil prices dipped on Tuesday as concerns over weak demand, especially after a global market sell-off and disappointing economic data from the U.S. and China, outweighed fears of supply disruptions from escalating Middle East tensions and a drop in Libyan production. Despite an early session rally, both Brent and U.S. crude futures fell, reflecting the market’s focus on demand issues over geopolitical risks.

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