Oil prices hold near 2-week low after OPEC cuts demand view, …
2 days ago · OPEC cuts oil demand growth forecast for 2024, 2025. US dollar rises to 4-month high against other currencies. Nov 12 (Reuters) - Oil prices held near a two-week low on Tuesday after dropping ...
Oil Prices Steady Ahead of OPEC Report, China Stimulus Limit Gains
2 days ago · Brent crude futures rose 38 cents, or 0.5%, to $72.21 a barrel, by 0944 GMT. U.S. West Texas Intermediate crude futures were up 36 cents, or 0.5% at $68.40 a barrel. "In a flat price environment ...
Oil slips towards 2-week low on gloomy demand outlook
1 day ago · Oil prices slipped on Wednesday, trading near their lowest in two weeks, a day after OPEC lowered global oil demand growth forecasts for 2024 and 2025 and amid demand concerns in China.
China’s Economy Forecast to Show Modest Pick-Up After Stimulus
1 day ago · Here’s what to expect: Industrial production is forecast to rise 5.6% in October from a year earlier, the most since May. Retail sales may climb 3.8% from last year, the fastest pace this year ...
Oil prices steady ahead of OPEC report; China’s latest stimulus …
2 days ago · Brent futures were up 6 cents to settle at $71.89 a barrel, while U.S. West Texas Intermediate crude rose 8 cents to settle at $68.12
Oil drifts amid China stimulus concerns, oversupply worries
2 days ago · SINGAPORE (Reuters) -Oil prices were little changed on Tuesday, awaiting further price direction from OPEC's monthly report, with investor disappointment over China's latest stimulus plan and oversupply concerns keeping buying interest at bay. Brent crude futures rose 4 cents to $71.87 a barrel, by 0745 GMT. Deflationary risks from China, as well as the lack of concrete fiscal stimulus ...
Opec cuts 2024 and 2025 forecast, but says China stimulus plan …
Oct 14, 2024 · Opec has lowered its forecast for global oil demand growth in 2024 and 2025 for the third consecutive month, but is optimistic that China’s stimulus plan to revive its economy, the second-largest in the world, will support crude consumption.
Oil prices hold ground after OPEC lowers demand outlook, China stimulus ...
Oil prices hold ground after OPEC lowers demand outlook, China stimulus limit gains. Story by Emily Chow. • 11h. By Arunima Kumar. (Reuters) -Oil prices steadied on Tuesday, recovering from a 5% ...
Oil slides 2% as OPEC lowers demand forecast, China stimulus …
Oct 14, 2024 · Oil prices fell 2% on Monday after China’s stimulatory plans failed to impress traders and oil alliance OPEC lowered its demand forecast.
Oil prices lose 2% after China offers little detail on stimulus plans
Oct 14, 2024 · OPEC further trims outlook for growth in oil demand this year and in 2025. Oil futures ended lower Monday, with Brent prices losing 2% to give back all of last week's gains and then some, after a...