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Oil slipped on Friday on demand concerns as the US summer driving season ended, though Brent was still set for a weekly gain. US crude inventories fell more than expected in the week ending August 22, and OPEC+ output continued to rise.
Softer demand and rising OPEC+ supply weigh on crude, while the inventory draw suggests underlying demand is firmer than the headlines imply.
db.forbesmiddleeast.comJulian Nabil, Samra Ahmed, Ola Noureldin, James EmmanuelAug 29, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
