Crude Oil is trading today in the Asian session below the $85 level.
In early trading on Wednesday, oil prices continued to decline as concerns over global demand stemming from sluggish economic growth in China and anticipated increases in U.S. commercial inventories overshadowed fears of supply disruptions in the Middle East due to heightened tensions.
Oil prices have weakened throughout the week as economic uncertainties dampened investor confidence, mitigating the impact of geopolitical tensions. Attention remains focused on Israel's potential response to Iran's recent attack over the weekend.