Oil Prices Under Pressure as Supply Concerns Outweigh Geopolitical Fears

Crude oil futures are in a position to finish lower this week as a series of bearish developments weighed on trader sentiment, with supply-side risks overshadowing geopolitical tensions. West Texas Intermediate (WTI) futures finished Thursday at $60.72, down 2.02% from last week’s close, as renewed concerns over rising inventories, softer Chinese demand, and potential OPEC+ output increases kept a lid on any meaningful recovery. Surprise U.S. Inventory Build Undermines Demand Optimism The weekly decline was cemented by a bearish U.S. Energy…