WIRE — Oil entered early July trading caught in one of the strangest contradictions in commodity markets: global inventories are still being drawn down, U.S.-Iran skirmishes have not fully faded, and yet prices keep sliding. Crude has now fallen back to levels seen before the war broke out, with traders focusing more on weakening demand than on The post Why Lower Oil Prices Don't Match the Continued Drawdown in Global Inventories appeared first on Egyptian Gazette.
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