Oil prices were lower today, falling further for the week as markets remained wary of soft Chinese demand despite OPEC+ extending production cuts. “While supplies have remained on the tighter side given OPEC’s production cuts and Russian sanctions slowing exports, demand from China looks to be lagging and U.S. driving season demand has yet to kick in,” said Dennis Kissler, senior vice president of trading at BOK Financial. Oil markets have homed in on signals on the timing of possible rate cuts in the U.S. and European Union in the previous two sessions. Lower interest rates could increase oil demand by boosting economic growth. WTI traded down $.92 or -1.2% to close at $78.01. Brent traded down $.88 or -1.1% to close at $82.08.