Global crude oil prices slipped in early trading as investors grew cautious over signs of weakening fuel demand in the United States, coupled with concerns of oversupply in the market. Analysts noted that softer economic indicators and reduced refinery activity in the U.S. are weighing on consumption outlook, while steady output from major producers is adding to pressure on prices.

 

Market watchers say that with inventories building up and uncertainty around global demand recovery, crude is likely to face volatility in the near term. Traders are now closely monitoring upcoming U.S. economic data, OPEC+ production trends, and potential policy shifts that could influence both supply and demand dynamics.