Oil Prices Volatile Amid Stockpile Changes and Demand Uncertainty

Fluctuating oil prices reflect ongoing inventory shifts, geopolitical tensions, and economic concerns.

Oil prices hit a six-week low due to ceasefire talks in Gaza and weak demand in China.
U.S. crude oil futures rebounded slightly after reports of falling inventories.
Wildfires in Canada threaten up to 400,000 barrels per day of oil production.
Biden's exit from the reelection race has minimal impact on oil markets.
Market analysts predict a potential oil surplus by 2025.