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