Global Oil Prices Drop Amid Concerns Over Chinese Demand

Economic slowdown in China and potential U.S. interest rate cuts influence market trends.

Brent crude prices have fallen 4.6% since July 4, reaching a one-month low.
China's second-quarter economic growth missed forecasts, affecting oil consumption outlook.
U.S. economic data shows signs of softness, with potential interest rate cuts anticipated.
Middle East tensions contribute to oil market volatility but have not significantly impacted supply.
OPEC continues to manage output to stabilize prices amid fluctuating demand.