Oil Prices Plunge: Oversupply, Mideast Ceasefire, and Weak Demand
Update: 2025-10-21
Description
Oil prices plummet to five-month lows amid oversupply and weak demand, defying Middle East tensions. A ceasefire between Israel and Hamas, coupled with surging American oil production and slim chances of new sanctions on Russian oil, further depress prices, signaling continued market stability.
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