Prices had plunged more than 4% in the previous session on a possible Hezbollah-Israel ceasefire
– Oil prices edged up on Wednesday as developments in the Middle East took centre stage against cautious demand expectations and ahead of a government meeting on China's fiscal policy.
"The everyday dilemma of 'Middle Eastern headlines' moving like a pendulum between 'ceasefire talks' and 'further escalation in attacks' has been distracting investors from reality ... Oil markets are twirled in sentiments of 'buying the rumour' and sidelining the real fundamentals that should matter," said Phillip Nova senior market analyst Priyanka Sachdeva in an email.
Also supportive for prices, China's finance ministry will detail plans on fiscal stimulus at a highly-anticipated news conference on Saturday, the government's main information office said on Wednesday.
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۔
Israeli military bombs Hezbollah targets in LebanonHe said Israel began striking Hezbollah in Lebanon after identifying an intention to fire on Israel
مزید پڑھ »
After pressing an Israel-Hezbollah cease-fire, the Biden administration shifts its messageAfter pressing an Israel-Hezbollah cease-fire, the Biden administration shifts its message
مزید پڑھ »
Israeli official says Israel targeted a senior Hezbollah military official in Beirut airstrikeIsraeli official says Israel targeted a senior Hezbollah military official in Beirut airstrike
مزید پڑھ »
Hassan Nasrallah’s potential successor missing since Friday, sourceThe potential successor to Hezbollah leader Sayyed Hassan Nasrallah has reportedly been unreachable since Friday.
مزید پڑھ »
Hezbollah strikes Israel on Gaza war anniversary; fears grow over Middle East instabilityIsrael's military said jets hit targets belonging to Hezbollah's Intelligence Headquarters in Beirut
مزید پڑھ »
Hezbollah fires missile at Tel Aviv as Israel activates reserve troops in response to rising tensionHezbollah fires missile at Tel Aviv as Israel activates reserve troops in response to rising tension
مزید پڑھ »