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المشهد العربي
US consumer debt rises amid oil price warnings
The article focuses on the rise in consumer debt in the United States, which saw a significant increase of approximately $15.3 billion in July, indicating ongoing consumer spending despite inflationary pressures and rising prices. The data shows that total consumer credit debt reached $5.19 trillion, with continued demand for auto and student loans, while mortgage loans are excluded. Additionally, experts have warned that gas and diesel prices are likely to remain high in the coming months, with the possibility of oil prices reaching $130-140 per barrel if supply shocks occur. The market remains vulnerable to rising oil prices amid geopolitical tensions, as ongoing conflicts between Russia and Ukraine continue to impact energy prices.
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