Rumors of a Saudi Production Hike Boost Bearish Sentiment in Oil Markets

Crude Oil Weekly Recap: Key Events Driving Price Movements This week, light crude oil (WTI) prices experienced notable volatility, shaped by a series of major global events that put pressure on both supply and demand. Saudi Arabia’s production plans, China’s economic policies, U.S. crude stockpiles, and geopolitical tensions all contributed to the shifting sentiment in the oil market. Saudi Arabia’s Production Plan Pushes Prices Lower A significant factor influencing crude prices this week was Saudi Arabia’s potential decision…