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OPEC, China
Oil prices hold ground after OPEC lowers demand outlook, China stimulus limit gains
Oil prices steadied on Tuesday, recovering from a 5% drop over the previous two sessions, as investors absorbed OPEC's latest downward revision for oil demand and market's disappointment over China's latest stimulus plan.
Oil Prices Steady Ahead of OPEC Report, China Stimulus Limit Gains
Both contracts had fallen by more than 5% over the previous two trading sessions. China on Friday unveiled a 10 trillion yuan ($1.40 trillion) debt package to ease local government financing strains, but analysts said it fell short of the amount of stimulus that would be needed to boost growth.
Brent Oil Prices Steady Despite OPEC Demand Forecast Cut, Where To Next?
Technical analysis suggests that oil prices are eyeing a bounce but could face resistance around $74.00 and $76.35. Click to read.
2d
on MSN
Oil slips on China stimulus concerns, oversupply outlook
Oil prices eased on Tuesday as investor disappointment over China's latest stimulus plan and oversupply concerns weighed on ...
2d
OPEC Cuts 2024 Oil Demand Forecast For Fourth Straight Month Amid China's Economic Slowdown
Since July, OPEC has cut its demand growth forecasts by nearly 20%, mirroring a notable decline in crude oil prices.
ThePrint
2d
Oil drifts amid China stimulus concerns, oversupply worries
By Emily Chow SINGAPORE (Reuters) -Oil prices were little changed on Tuesday, awaiting further price direction from OPEC's ...
2d
on MSN
Oil prices hold their ground after falling on China stimulus
Oil prices remained relatively stable on Tuesday as market participants awaited the release of OPEC's monthly report. This ...
Arabian Business
2d
Oil prices hold ground after falling on China stimulus
Analysts said the market awaits further price direction from OPEC’s monthly report, to be released later on Tuesday, before charting the next course ...
Zawya
1d
OPEC Plus crude output hits 40.34mln bpd last month
The report touched on economic growth expected in a number of countries, including China, where the figure remains unchanged ...
2d
Oil falls on Chinese stimulus disappointment, supply outlook
Oil prices were little changed on Monday as the threat of supply disruptions from a U.S. storm eased and after China's ...
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