Weaker Energy Demand Concerns Drive Crude Price Declines
Crude oil and gasoline prices fell sharply as concerns over high energy prices curbing demand and global economic growth intensified. The US and Eurozone Q1 GDP figures came in below expectations, contributing to the decline. However, earlier in the week, crude prices surged due to potential escalation in the US-Iran conflict.
Topics: Crude Oil Prices Energy Demand GDP Data Global Economic Growth Market Volatility US-Iran Tensions