Overview

• 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.