Crude Oil Falls on Weak Demand Outlook, Higher US Stocks

Crude oil prices fell on Thursday as investors assessed prospects for weaker global demand this year and higher U.S. crude stocks. This decline makes palm oil a less attractive option for biodiesel feedstock, influencing broader commodity markets. The drop in crude oil could subtly affect overall commodity sentiment, potentially having a minor indirect impact on inflation expectations and the Pakistani Rupee.

بحوالہ / Source: www.brecorder.com