Key Points
HOUSTON (Reuters) -Global oil benchmark Brent crude futures sank below $70 a barrel on Tuesday for the first time since December 2021, after OPEC+ revised down its demand forecast for this year and 2025...
U.S. West Texas Intermediate (WTI) crude lost $2.85, or 4.15%, to $65.86...
On Tuesday, the Organization of the Petroleum Exporting Countries (OPEC) in a monthly report said world oil demand would rise by 2.03 million barrels per day (bpd) in 2024, down from last months forecast for growth of 2.11 million bpd...
On Monday, Chinese data showed consumer inflation accelerated in August to its fastest in half a year, though domestic demand remained fragile, and producer price deflation worsened...
Fiscal stimulus in China has not boosted the construction sector; thats one big reason Chinese demand for diesel is shrinking, said Clay Seigle, an oil market strategist...
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