Overview

• Brent crude remains around $87 a barrel, influenced by geopolitical tensions and hurricane risks.
• US economic data shows signs of cooling, with weaker employment and business activity reports.
• Lower demand expectations and profit-taking activities contribute to recent price drops.
• OPEC+ production cuts and declining US inventories support higher price forecasts.
• Potential Federal Reserve rate cuts could boost oil demand, countering some economic slowdown effects.