Oil Slips Despite Fed Cut — Demand Worries Pull Carbon Down

[theSignalyst]

Oil prices dipped even after the U.S. Federal Reserve’s first rate cut of the year, as weak signals from the U.S. economy, like falling home construction and soft job market data, overshadowed hopes for higher consumption. Demand concerns, plus rising inventories, pushed Brent and WTI down, though they’re still on track for a second week of gains.

Analysts warn that increasing supply from OPEC+ and high U.S. distillates stocks could keep oil under pressure. If demand doesn’t pick up, expect more volatility across energy markets.