Oil Prices Dip on Demand Optimism and Geopolitical Concerns
Oil prices experienced a slight downturn on Wednesday following a rally to seven-week highs, driven by a blend of summer demand optimism and geopolitical tensions that tempered market sentiment. Brent crude futures edged down by 6 cents to settle at $85.27 per barrel, while U.S. West Texas Intermediate crude saw a minor dip of 10…