Oil Prices Retreat as China Stimulus Underwhelms

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Oil,Price,Crisis,Oil,Fall,Graph,Illustration,Red,Arrow,drop
Perekotypole/Shutterstock

Oil futures started the week on bearish footing as Chinese economic stimulus measures and developments with the US dollar helped put pressure on the commodity.

Topics:
Oil Futures and Derivatives, Oil Prices, Oil Demand, Oil Supply, Oil Trade
Wanda Ad #2 (article footer)
#
Powell says the higher oil price is a “significant thing” but that the central bank tends to “look through” energy moves if they reflect short-term volatility.
Wed, Sep 20, 2023
The EU's anti-subsidy probe against China’s electric vehicle (EV) exports could undermine road transport decarbonization, possibly delaying the peaking of gasoline demand.
Wed, Sep 20, 2023
Brent crude's attempts to break past $95 fell short on Tuesday, as concerns that the oil benchmark was getting out over its skis tempered an early run.
Tue, Sep 19, 2023