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Rolling coverage of the latest economic and financial newsOil prices have slipped today, but are still set to end the week 6% higher as investors grow uneasy about the situation in the Middle East.Kathleen Brooks, of the broker XTB, says:The oil price is falling due to two factors, firstly, news that the US will continue its technical talks with Iran, and confirmation that the US remains committed to finding a diplomatic solution to this crisis, and secondly, reports from the IEA that oil demand is set for its first annual decline since 2020. Global oil stocks also posted an increase in June, their first monthly increase since the war began earlier this year. The UAE also lifted oil production to a record, which suggests that oil supply is rapidly normalizing, and is unlikely to get impact
Generated by Pulse AI, Glideslope's proprietary engine for interpreting market sentiment and economic signals. For informational purposes only — not financial advice.