Oil prices are expected to continue falling due to oversupply, with the head of the International Energy Agency stating that weak demand and increased production from non-Opec countries will put downward pressure on prices. Despite geopolitical tensions and production shutdowns, oil demand growth has slowed, particularly in China, where the shift towards clean energy and electric vehicles has impacted fossil fuel demand. Lower oil prices may lead to a demand rebound next year, but excess supply from non-Opec producers will continue to pose challenges for the market.
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This Is, Officially, the 3rd Priciest Stock Market in Over 150 Years — and There's No Mistaking What Comes Next for Stocks, Based on History
Investors have faced significant volatility in the first seven months of the year, highlighted by the S&P 500's steepest two-day decline since 1950 and the Nasdaq entering a bear market for the first time in three years. However, since April 8, both indexes have rebounded to record highs, while the Dow Jones Industrial Average approaches its first all-time high since December, suggesting a strong bull market despite historical caution. Want More Context? 🔎
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