Oil prices remained at a 14-month low on Thursday, with Brent settling at $72.69 per barrel, down 1 cent, and WTI at $69.15, down 5 cents (0.1%). Concerns over weak demand in the U.S. and China, along with potential supply increases from Libya, outweighed a significant 6.9 million-barrel drawdown in U.S. crude inventories. OPEC+ delayed planned output increases, but Bob Yawger of Mizuho noted, “If you don’t need the gasoline, you don’t need the crude oil to make gasoline.” Conflicting U.S. economic data added to market uncertainty, with UBS analysts highlighting that the economy is “growing at a below-trend pace” and recession risks are rising.