WTIUSD

Oil prices are starting the week with concerns about the health of the global economy; indeed, GDP data from Japan indicating a sharper-than-expected contraction in the economy negatively affects the demand outlook. Markets have shifted to awaiting signals regarding global growth from Wednesday's Fed meeting and the U.S. weekly crude oil inventory data to be released on the same day. Before these critical developments, it can be expected that demand concerns will put pressure on oil prices.