Oil Prices Drop as Demand Vanishes | Business and Finance News

Oil prices are crashing despite record-low inventories and supply disruptions—thanks to a shocking, record-breaking drop in global demand that’s left experts baffled. With demand plummeting faster than during the pandemic, even as the global economy held up, countries like China are cutting imports, airlines are slashing flights, and the U.S. is releasing reserves—all while tensions in the Middle East keep supply chains rattled. The International Energy Agency now predicts a 1 million barrel-per-day demand drop this year, a complete reversal from earlier forecasts. This isn’t just a market anomaly—it’s rewriting the playbook on energy demand, and nobody’s sure where it’s all going. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d0be84f5fd6a7625