neutral
Oil prices slip as markets await U.S.–China deal and OPEC+ supply update
Oil futures edged lower as investors assessed the potential impact of the U.S.–China trade truce and upcoming supply changes from OPEC+. Brent crude dipped about 0.5% to US$64.59 a barrel, amid signs that supply additions and weak demand could balance out bullish trade-deal hopes. A modest U.S. inventory draw provided some support, but caution on global growth and trade helped restrain upside.
Tags:
- markets
- commodities
Reuters• By Sneha Pathak
Explore:High Return Equity Mutual Fund
neutral
Oil prices slip as markets await U.S.–China deal and OPEC+ supply update
Oil futures edged lower as investors assessed the potential impact of the U.S.–China trade truce and upcoming supply changes from OPEC+. Brent crude dipped about 0.5% to US$64.59 a barrel, amid signs that supply additions and weak demand could balance out bullish trade-deal hopes. A modest U.S. inventory draw provided some support, but caution on global growth and trade helped restrain upside.
Tags:
- markets
- commodities
Reuters• By Sneha Pathak
Explore:High Return Equity Mutual Fund
1 min read
62 words
Oil slips as markets await clarity on U.S.–China deal and OPEC+ supply; cautious demand outlook tempers upside.
Oil futures edged lower as investors assessed the potential impact of the U.S.–China trade truce and upcoming supply changes from OPEC+. Brent crude dipped about 0.5% to US$64.59 a barrel, amid signs that supply additions and weak demand could balance out bullish trade-deal hopes. A modest U.S. inventory draw provided some support, but caution on global growth and trade helped restrain upside.
Oil futures edged lower as investors assessed the potential impact of the U.S.–China trade truce and upcoming supply changes from OPEC+. Brent crude dipped about 0.5% to US$64.59 a barrel, amid signs that supply additions and weak demand could balance out bullish trade-deal hopes. A modest U.S. inventory draw provided some support, but caution on global growth and trade helped restrain upside.
Tags:
- markets
- commodities
- markets
- commodities
- oil
- trade
- energy