Oil Prices Fluctuate Amid U.S. Economic Concerns and Middle East Tensions

Crude oil prices see minor adjustments as U.S. economic growth underperforms expectations, overshadowing geopolitical risks.

U.S. crude oil prices edged down following disappointing first quarter GDP growth, signaling potential weak demand.
Brent and West Texas Intermediate crude prices varied slightly, reflecting mixed market reactions to U.S. economic data and Middle East tensions.
Geopolitical tensions in the Middle East, including conflicts in Gaza, have less impact on oil prices than U.S. economic indicators.
Recent EIA data shows a significant drop in U.S. crude inventories, suggesting a temporary boost in oil prices.
Market analysts remain cautious, balancing concerns over U.S. economic health against geopolitical risks in oil supply regions.