Volatility Dominates Oil Markets Amid Mixed Signals

It's been a volatile week in oil markets as concerns over Chinese demand pressured prices despite a decline in U.S. crude inventories and wildfires in Canada.Friday, July 26th, 2024A rollercoaster of the week has left most market watchers guessing as to what might be coming up next for oil. Canada’s wildfires, continuously decreasing US oil stocks, and GDP figures in the States coming in well above expectations should have lifted sentiment, but the signals went mostly unnoticed amidst a widespread tech stock selloff and a commodity-wide…