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China’s $411B stimulus is set to drive commodity demand, adding bullish momentum to oil markets. U.S. economic strength and falling inventories boost crude demand, supporting higher oil prices ...
Brent oil futures expiring in December fell 1.8% to $77.65 a barrel, while West Texas Intermediate crude futures fell 1.8% to $73.54 a barrel by 19:48 ET (23:48 GMT).
Despite stimulus efforts, China's shift towards less energy-intensive sectors and a preference for lower oil prices limit any significant impact on global oil demand or prices.
Oil futures ended lower Monday, with Brent prices losing 2% to give back all of last week’s gains and then some, after a weekend announcement by Chinese authorities failed to provide details on ...
Oil prices are on track to post a weekly gain on the back of China's economic stimulus and forecasts of lower U.S. crude inventories. Oil prices were rising toward the end of the week, with WTI ...
NEW YORK, Dec 26 (Reuters) - Oil edged lower on Thursday in light holiday trade as the dollar's strength offset hopes for additional fiscal stimulus in China, the world's biggest oil importer.
Brent and WTI futures were trading down over 12% each this week, having clocked sharp losses after U.S. President Donald ...
In general, the muted price movement suggests oil traders are now awaiting clearer signals from the US regarding the ...
China's energy imports are vulnerable as Iran's conflict with Israel threatens to drag the United States into a war.
China’s industrial profits plunged 9.1% in May from a year earlier, in the latest sign that Beijing’s stimulus efforts are ...
Read: Gas prices up for the week as Middle East tensions lift oil In its monthly report released Monday, OPEC said it cut its forecast for demand growth in 2024 by 106,000 barrels a day to 1.9 ...