Oil prices stabilized on Friday, maintaining their previous session’s gains, yet are poised for a third consecutive weekly decline. The easing of supply disruption concerns from the Israel-Hamas conflict has shifted focus back to demand worries. Both Brent and WTI are experiencing their longest weekly loss streak since early May, reflecting decreased supply risks from the Middle East. Concurrently, rising demand concerns, particularly from China, are impacting market sentiments. Weak Chinese economic indicators and reduced requests for Saudi oil by Chinese refiners have exacerbated demand worries. Despite this, Citi ... (full story)