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Why oil prices are falling

Reasons for falling oil prices: geopolitical adaptation, global economic slowdown.

Charlotte Hernandez
ByCharlotte Hernandez- Senior Editor
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Why oil prices are falling
Photo: Prepared by Bond.az

Rising military tensions in the Middle East have brought energy prices into focus, but oil prices have actually fallen. Brent crude dropped from $97.81 on June 3 to $93.66 on June 11.

Economist Khalid Karimli says the market has adapted to geopolitical risks. New news has less impact, and markets no longer react emotionally.

Karimli notes that slowing global economic growth reduces oil demand, while stable supply prevents price increases.

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