Oil Prices Dip Amid Mixed Signals on Supply and Demand

Geopolitical tensions and economic concerns create uncertainty in the global oil market.

Oil prices fell by 1% following a smaller-than-expected draw in U.S. crude stockpiles.
Libya's internal conflict threatens to disrupt 1.2 million barrels per day of oil production.
Weak demand from China and fears of a broader economic slowdown weigh on prices.
Ongoing geopolitical risks in the Middle East add to market volatility.
Refinery activity in the U.S. has increased, yet crude stock draws remain modest.