Oil prices hold ground after OPEC lowers demand outlook, China stimulus limit gains
Oil prices steadied on Tuesday, recovering from a 5% drop over the previous two sessions, as investors absorbed OPEC's latest downward revision for oil demand and market's disappointment over China's latest stimulus plan.
Oil Prices Steady Ahead of OPEC Report, China Stimulus Limit Gains
Both contracts had fallen by more than 5% over the previous two trading sessions. China on Friday unveiled a 10 trillion yuan ($1.40 trillion) debt package to ease local government financing strains, but analysts said it fell short of the amount of stimulus that would be needed to boost growth.
U.S. oil benchmark settles below $70 a barrel on China stimulus disappointment
Oil futures settled at their lowest in nearly two weeks Monday following disappointing economic data from China, the world’s largest crude importer, and expectations for higher U.S. production once President-elect Donald Trump takes office.
Oil steady as US storm threat abates, China stimulus disappoints
Oil prices were little changed on Monday as the threat of supply disruptions from a U.S. storm eased and after China's stimulus plan disappointed investors seeking fuel demand growth in the world's No.
U.S. crude oil sinks below $70 as China's latest stimulus disappoints
Crude oil futures slid to their lowest in nearly two weeks Monday following disappointing economic data from China, the world's largest crude importer, and expectations for higher U.S. production when President-elect Trump takes office.
Oil crashes over 2% on disappointing China stimulus; Brent drops below $73
Oil prices decreased by 2% on November 11 following a lackluster stimulus from China, with Brent crude at $72.04 and US WTI at $68.47.
Oil falls as China stimulus disappoints investors
Oil prices extended declines on Monday as the threat of a supply disruption from a US storm eased and after China’s stimulus plan disappointed investors seeking fuel demand growth in the world’s No. 2 oil consumer.
Chinese Stocks, Yuan Fall on Trump Plans, Stimulus Letdown
Chinese stocks and the yuan slumped as fears of worsening Sino-American tensions further undermined investor confidence after ...
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Oil falls on Chinese stimulus disappointment, supply outlook
Oil prices were little changed on Monday as the threat of supply disruptions from a U.S. storm eased and after China's ...
China’s stimulus needs more than ‘patchwork policies’ after new debt-relief plan
Economists spoke after Beijing unveiled its debt-relief plan following a week-long meeting of China’s top legislative body.
Japan’s Stimulus Package to Include Price Relief Steps, NHK Says
Japan’s new economic stimulus package will feature cash handouts to help low-income households deal with inflation and extra ...
China hands banks poor stimulus consolation prize
Executives at Chinese state-owned banks probably have one of the financial world's most thankless jobs. Beijing has loosened ...
China unveils $1.4 trillion stimulus in effort to boost flailing economy
The outlook is grim for the world’s second largest economy, with growth slowing and the prospect of a new trade war following ...
Asian Stocks Fall as China's Stimulus Plan Fails to Impress Investors
The package, which was approved Friday, was designed to alleviate local government debt but fell short of investor expectations.
Chinese Stocks Close Down, Brace for More Volatility Amid Wait for Stimulus
Chinese shares closed lower, dragged by insurance and semiconductor stocks. The benchmark Shanghai Composite Index fell 1.4% ...
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China’s stimulus falls short, as a showdown with Trump looms
Lan Fo’an, China’s finance minister, said that local governments would be allowed to issue extra bonds worth trillions of ...