Oil Prices Fluctuate Amid Mixed Economic Signals and Supply Concerns

Brent crude holds near two-month highs despite demand worries and potential rate cuts in the US.

Brent crude remains around $87 a barrel, influenced by geopolitical tensions and hurricane risks.
US economic data shows signs of cooling, with weaker employment and business activity reports.
Lower demand expectations and profit-taking activities contribute to recent price drops.
OPEC+ production cuts and declining US inventories support higher price forecasts.
Potential Federal Reserve rate cuts could boost oil demand, countering some economic slowdown effects.