Oil set for annual loss although buoyed on the day by China data
LONDON - Oil prices were on track to end 2024 with a second consecutive year of losses, although they rose on the day on Tuesday after data showed China's manufacturing activity expanded in December.
In September, Brent futures closed below $70 a barrel for the first time since December 2021, while their highest closing price of 2024 at $91.17 was also the lowest since 2021, as the impacts of a post-pandemic rebound in demand and price shocks from Russia's 2022 invasion of Ukraine began to fade. Investors will also be watching the Federal Reserve's rate cut outlook for 2025 after central bank policymakers earlier this month projected a slower path due to stubbornly high inflation.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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