• Oil News: Crude Futures Drop as U.S. Downgrade and China Data Hit Demand

    Source: Buzz FX / 19 May 2025 02:41:34   America/Los_Angeles


    Crude oil falls as China’s demand slows and the U.S. credit outlook weakens. Key support at $59.13 may be tested if bearish pressure persists.
    Light crude oil futures edged lower on Monday as traders struggled with key technical resistance
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