Prices rose about 1.7% on Tuesday after China announced economic stimulus since COVID-19 pandemic
SINGAPORE – Oil prices fell on Wednesday as investors reassessed the ability of China's stimulus plans to boost the economy enough to drive more fuel demand growth in the world's largest crude importer.
Analysts, however, warned that more fiscal help was needed to boost confidence in the world's second-largest economy and that eroded the initial impact on oil prices. Still, declining US crude oil and fuel stockpiles provided some support for the market, which has generally risen since prices fell to their lowest since 2021 on Sept. 10.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
AI likely to weigh on oil prices over the next decadeA modest potential AI boost to oil demand
مزید پڑھ »
Markets retreat after rally, oil dips but Middle East worries lingerFed boss Jerome Powell confirmed on Friday time had come to begin lowering borrowing costs
مزید پڑھ »
Oil prices hold at 14-month low as demand worries offset big US storage withdrawalIt was the lowest close for Brent since June 2023 for a second day in a row
مزید پڑھ »
Oil prices climb on fresh China stimulus, Middle East tensionsWTI has gained this morning after China moved to lower its key lending rates, said an analyst
مزید پڑھ »
Oil extends losses on weak China data and expected OPEC+ supply boostBoth Brent and WTI have posted losses for two months due to US and Chinese demand concerns
مزید پڑھ »
China ADRs, miners, casino shares leap as Beijing launches fresh stimulus measuresChina ADRs, miners, casino shares leap as Beijing launches fresh stimulus measures
مزید پڑھ »