Oil prices fell for a fourth day on concerns that new COVID curbs in China, the world’s biggest crude importer, will impact fuel demand. | Reuters
Adding to market gloom was a big build in U.S. crude inventories reported on Wednesday.
Crude oil stockpiles rose by 3.9 million barrels last week, the U.S. Energy Information Administration said, taking inventories to their highest since July 2021. Bearishness around the rise in U.S. crude oil stockpiles may have been overdone, Commonwealth Bank analyst Vivek Dhar said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Covid TF sees prime-age individuals killed by Covid-19Apart from infants and senior citizens, the Davao City Covid-19 Task Force said even prime-age individuals or young adults aged 20 to 29 years old are also dying from Covid-19. Dr. Michelle Schloss…
Baca lebih lajut »
China stages historic air show under cloud of zero-COVID - BusinessWorld OnlineBEIJING — China staged a low-key but historic debut of its C919 civil jet at its biggest air show on Tuesday, with some delegates unable to attend the scaled-down event because of Beijing’s zero-COVID policy as cases reached the highest level in six months.
Baca lebih lajut »
Fuel prices decline as China maintains zero-Covid policyOil prices fell on Monday as a result of Chinese health officials’ statements about the country’s intention to maintain its zero-Covid policy, fueling demand concerns from the world&82…
Baca lebih lajut »
iPhone production in China hit by COVID-19 restrictions
Baca lebih lajut »
China’s trade unexpectedly shrinks as COVID curbs, global slowdown jolt demand - BusinessWorld OnlineBEIJING — China’s exports and imports unexpectedly contracted in October, the first simultaneous slump since May 2020, as a perfect storm of coronavirus disease 2019 (COVID-19) curbs at home and global recession risks dented demand and further darkened the outlook for a struggling economy.
Baca lebih lajut »
DOH logs nearly 700 new cases of Covid-19The Philippines recorded close to 700 new cases of Covid-19 on Tuesday, Nov. 8.
Baca lebih lajut »