Oil prices have fallen due to concerns that the stimulus measures for the recovery of the Chinese economy may fall short of expectations. Against this backdrop, West Texas Intermediate (WTI) crude oil dropped to around $71 per barrel, while Brent crude also declined after the start of the week. The growth of the Chinese economy and the measures being taken to support it have raised doubts among traders about the future demand for oil. Analysts warn of potential negative consequences of the two-year spending restrictions and highlight a bearish trend in the oil market. Additionally, there is interest in the resumption of Iraqi oil transportation through the pipeline to the port of Jeyhan.
