Crude oil prices dropped sharply due to reports that Israel may not target Iran's oil or nuclear facilities. Brent crude fell by 4.14% and WTI by 4.4%, reaching their lowest levels since early October. Economic concerns, particularly slowing demand from China, overshadow geopolitical tensions, leading OPEC to cut its oil demand growth forecast for 2024 and 2025. Major energy stocks like TotalEnergies, BP, and Shell also saw significant declines. The energy sector is struggling amid competition and regulatory challenges, while potential political changes in the US could impact the global energy market. Teljes cikk (Euronews.com)