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Oil falls on weak China data; set for first monthly gain since Sept

Oil fell on Wednesday as
lacklustre economic data in China, the world s biggest crude
importer, weighed on demand sentiment, but prices were set for
their first monthly gain since September as.
-January 30, 2024 at 11:45 pm EST
- MarketScreener ....

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Oil ticks down in Asian trade despite rising Middle East tensions

Oil prices edged off in early Asian trading on Wednesday on continued bearish fundamentals, following gains in the previous session amid an escalating conflict in the Middle East. The March Brent crude futures, which expires today, fell 37 cents to $82.50 a barrel by 0146 GMT. "The main issue with turning outright bullish on crude oil here is the technical picture remains bearish and is yet to catch up with recent events," including a deadly drone attack on U.S. troops near the Jordan-Syria border last week, said Tony Sycamore, a market analyst with IG. ....

United States , Red Sea , Djibouti General , Israel General , Colleen Howe , Stephen Coates , China Evergrande Group , March Brent , Texas Intermediate , Tony Sycamore , Kataib Hezbollah , Iran Backed Houthis , Drone Attack , Tony Sycamore , Oil Prices , Rent Crude Futures , War In The Middle East ,

Oil Updates – crude falls on weak China data but set for first monthly gain since Sept

Oil Updates – crude falls on weak China data but set for first monthly gain since Sept
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Red Sea , Djibouti General , United States , Israel General , Saudi Arabia , Joe Biden , Organization Of The Petroleum Exporting Countries , American Petroleum Institute , Middle East , Texas Intermediate , Petroleum Exporting Countries , Lynn Song , Iran Aligned Houthi , Tony Sycamore ,

Oil: Oil ticks down in Asian trade despite rising Middle East tensions

The March Brent crude futures, which expires today, fell 37 cents to $82.50 a barrel by 0146 GMT. The more actively-traded April contract fell 24 cents to $82.26 a barrel. ....

United States , Israel General , Red Sea , Djibouti General , China Evergrande Group , March Brent , Texas Intermediate , Tony Sycamore , Kataib Hezbollah , Iran Backed Houthis , Asian Trade , Brent Crude Futures ,