Mixed Economic Data and Israel-Hamas Conflict Add Uncertainty to Oil Price Outlook
-
German, UK, EU economic data indicates potential for weaker oil demand
-
U.S. business output rose in October, lifting dollar and making oil more expensive
-
Euro zone business activity declined unexpectedly this month, suggesting possible recession
-
Israel-Hamas conflict risk premium for oil prices expected to be short-lived
-
API U.S. crude inventory data due later today, with expectations for a weekly rise
![](https://www.reuters.com/resizer/EA__Ubqa2dXw9cMhU1U5wtNgluk=/1200x628/smart/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/3CXUQK3EM5JGRHTP2I455XGY3I.jpg)