sluggish demand – Market-Tracker

Ahead of the US election, oil is trading in a narrow range

Mahalakshmi@fastura.com2 months ago01 mins

After rising more than 2% the previous day as OPEC+ postponed plans to increase production in December, oil prices moved in a narrow range on Tuesday amid what is predicted to be an unusually close US presidential election. U.S. West Texas Intermediate crude added 13 cents, or 0.18%, to $71.6 a barrel, while Brent crude…

Fears over China’s oil demand have eased, and attention is turning to Middle East negotiations

Mahalakshmi@fastura.com4 months ago4 months ago01 mins

Oil prices fell on Monday on worries about slowing demand in China, the world’s biggest oil importer. Brent crude futures were down 13 cents, or 0.2%, at $79.55. U.S. for America West Texas Intermediate crude futures were down 0.2%, or 13 cents, at $76.52 a barrel. The country’s industrial production fell and unemployment rose. That…

Tag: sluggish demand

Ahead of the US election, oil is trading in a narrow range

Fears over China’s oil demand have eased, and attention is turning to Middle East negotiations

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