Oil drops amid lower global demand forecasts
The article focused on the "Ice Silk Road" initiative launched by China to reshape the global trade map and seize new opportunities, including strengthening data centers that compete with oil in Texas and the race for dominance in the Permian Basin. It also mentions an airline offering a flight to view the solar eclipse for the first time in 170 years and discusses the impact of these events on oil prices, which declined after global demand forecasts were downgraded. Additionally, the article notes the rise of U.S. Treasury bonds and the stability of American stock indices.
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