Oil prices tick lower Monday, edging down after last week's sizable bounce, as investors gauge the global demand outlook and await U.S. inflation data
Oil futures ticked lower early Monday, edging down after last week’s sizable bounce as investors weigh the outlook for global demand and await U.S. inflation data.
The... Oil futures ticked lower early Monday, edging down after last week’s sizable bounce as investors weigh the outlook for global demand and await U.S. inflation data. “This means that either, China’s post COVID ramp has not been meaningful enough to tighten the physical market , or demand elsewhere remains uninspiring,” Trans aid. “Either way, there remains slack in the physical crude system, for now.”
Investors across markets are awaiting the Tuesday reading of the January U.S. consumer-price index for clues to the Federal Reserve’s interest-rate path.
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