Brent Breaks Below $80 as Bearish Sentiment Continues to Dominate Oil Markets

Oil prices continued to fall on Tuesday morning, ignoring the rising geopolitical risk in the Middle East and the potential of a supply disruption in Venezuela. Concerns about global demand continue to drive bearish sentiment in oil markets. - The Q2 quarterly earnings season has continued this week with most of oil majors reporting their performance results, with TotalEnergies and BP providing no clear direction for where oil firms are headed.- Total’s net income underperformed market expectations of $4.95 billion and came in at $4.7…