Energy prices continued to fluctuate in recent weeks as the evolution of oil prices and its derivatives are shaped by an unpredictable global economic outlook. Energy prices fell 1.3% month-on-month in August, contrasting July’s 0.5% increase. In the first half of August, oil prices were negatively affected by escalating trade tensions between China and the United States, which had the potential to derail global economic growth and thereby reduce demand for the black gold.
