Oil prices steady, all eyes on data seen showing China GDP growth slowdown

Deutschland Nachrichten Nachrichten

Oil prices steady, all eyes on data seen showing China GDP growth slowdown
Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen
  • 📰 Reuters
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

Oil prices were stable on Friday ahead of data that analysts say could show Chin...

SEOUL - Oil prices were stable on Friday ahead of data that analysts say could show China, the world’s largest oil consumer, just recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United States.

Global benchmark Brent crude oil futures LCOc1 fell by 9 cents, 0.2%, to $59.82 a barrel by 0039 GMT.Analysts polled by Reuters expected China’s gross domestic product to grow 6.1% in the July-September quarter from a year earlier, the slowest pace since the first quarter of 1992, the earliest quarterly data on record.

With all eyes on the upcoming numbers, analysts expect weaker economic readings to add to pressure on Beijing to step up stimulus measures. Adding to downward pressure, U.S. crude oil stockpiles surged last week as refinery output dropped to a two-year low, while gasoline and distillate fuel inventories decreased, the Energy Information Administration said on Thursday.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

Reuters /  🏆 2. in US

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

U.S. 'deeply concerned' about untrackable China ships carrying Iran oil: officialsU.S. 'deeply concerned' about untrackable China ships carrying Iran oil: officialsThe White House is warning Chinese shipping companies against turning off their ...
Weiterlesen »

Christian Dior criticized over China map, apologizes, upholds 'one China'Christian Dior criticized over China map, apologizes, upholds 'one China'French luxury brand Christian Dior apologized on Thursday and said it supported ...
Weiterlesen »

Oil prices edge higher as OPEC hints at deeper output cutsOil prices edge higher as OPEC hints at deeper output cutsOil prices rose on Wednesday, tracking gains in equities, as investors pinned ho...
Weiterlesen »

Controversial Mexican oil union boss resigns amid graft chargesControversial Mexican oil union boss resigns amid graft chargesThe longtime head of Mexico's powerful oil workers union, Carlos Romero Des...
Weiterlesen »

Palm oil body to wield stick to get consumer goods giants to go greenPalm oil body to wield stick to get consumer goods giants to go greenA palm oil industry watchdog will adopt rules next month that will impose fines ...
Weiterlesen »

Malaysia says will work diplomatically with India if palm oil imports curbedMalaysia says will work diplomatically with India if palm oil imports curbedMalaysia will work diplomatically with India if it decides to restrict imports o...
Weiterlesen »



Render Time: 2025-03-20 01:44:42