Oil Prices Volatile as China Economy and US Rate Path Raise Concerns
TL;DR
Despite a large crude oil inventory decline of 6 million barrels, oil prices moved slightly lower due to concerns about China's faltering economy and its potential impact on oil demand. Refinery runs data from China indicated strong and growing demand, but the latest economic data suggested a slowdown in growth. Mixed changes were reported in gasoline and middle distillate inventories.
- Oil Gives Up Gains Despite Large Crude Draw OilPrice.com
- Oil prices wobble on worries over China economy, US rate path Reuters
- Crude Oil Forecast: Continues to See Noisy but Positive Action Overall DailyForex.com
- US crude stockpiles fall even as output hits 2020 high - EIA Reuters
- View Full Coverage on Google News
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