Western Texas Intermediate (WTI) oil price pulls back from the recent gains, trading lower around $86.00 per barrel during the European session on Mon
Crude oil prices retrace the recent surge; seeking more cues on the Israel-Hamas war. Iran warned Israel that the situation could escalate if alleged war crimes are not halted in Gaza, Softer outlook for the Chinese economy could help in dampening the Crude oil demand. day. The current consolidation in crude oil prices suggests a wait-and-see approach among traders, anticipating more cues and developments related to the Middle East conflict.
The latest poll by Reuters indicates an expectation of a slowdown in China's economy during the third quarter. The forecast suggests a year-on-year GDP growth rate of 4.4%, down from 6.3% in the second quarter. Additionally, the quarter-on-quarter GDP forecast for Q3 is 1.0%. The poll anticipates China's economy to grow by 5.0% in 2023. These data point to a progressively softer outlook for the Chinese economy, attributed to weakening domestic demand conditions.
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Hamas 'Day of Rage' protests break out in Middle East and beyondPro-Palestinian protests broke out across the Middle East and beyond on Friday after a former Hamas leader called on supporters to join in a 'Day of Rage.'
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Hamas 'Day of Rage' protests break out in Middle East and beyondPro-Palestinian protests broke out across the Middle East and beyond on Friday after a former Hamas leader called on supporters to join in a 'Day of Rage.'
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Hamas 'Day of Rage' protests break out in Middle East and beyondPro-Palestinian protests broke out across the Middle East and beyond on Friday after a former Hamas leader called on supporters to join in a 'Day of Rage.'
Leer más »
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