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Oil on Track for Weekly Gains After Global Benchmark's Dip Below $70 a Barrel
Gas Prices in Canada Drop to Lowest National Average Since February
Demand expectations suffer another blow, WTI falls to a new low for the year.
This week (9.5-9.11), the overall crude oil price showed a downward trend. The average price of WTI this week is $67.72 per barrel, a decrease of $4.53 per barrel, or -6.27% compared to the previous week.
Pessimistic forecasts are emerging one after another! IEA lowered its oil demand forecast, and Citigroup and Morgan Stanley are also bearish.
The growth rate of oil demand has dropped to its lowest level since the epidemic.
Oil Futures Extend Recovery From Lows -- Market Talk
Crude Oil Extends Rebound Amid Concerns About Impact of Francine Tropical Storm on US Production
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