Oil prices hold ground after OPEC lowers demand outlook, China stimulus limit gains
Oil prices steadied on Tuesday, recovering from a 5% drop over the previous two sessions, as investors absorbed OPEC's latest downward revision for oil demand and market's disappointment over China's latest stimulus plan.
Oil Prices Hold Their Ground After Falling on China Stimulus
Both contracts had fallen by more than 5% over the previous two trading sessions. China on Friday unveiled a 10 trillion yuan ($1.40 trillion) debt package to ease local government financing strains, but analysts said it fell short of the amount of stimulus that would be needed to boost growth.
Oil prices bounce after back-to-back declines; OPEC sees lower demand growth
Oil futures rose Tuesday, bouncing after back-to-back losses that sent the U.S. benchmark back below the $70-a-barrel threshold.
Oil drifts amid China stimulus concerns, oversupply worries
SINGAPORE (Reuters) -Oil prices were little changed on Tuesday, awaiting further price direction from OPEC's monthly report, with investor disappointment over China's latest stimulus plan and oversupply concerns keeping buying interest at bay. Brent crude ...
U.S. crude oil sinks below $70 as China's latest stimulus disappoints
Crude oil futures slid to their lowest in nearly two weeks Monday following disappointing economic data from China, the world's largest crude importer, and expectations for higher U.S. production when President-elect Trump takes office.
U.S. oil benchmark settles below $70 a barrel on China stimulus disappointment
Oil futures settled at their lowest in nearly two weeks Monday following disappointing economic data from China, the world’s largest crude importer, and expectations for higher U.S. production once President-elect Donald Trump takes office.
Oil prices steady ahead of OPEC report, China stimulus limit gains
Oil prices were little changed on Tuesday, awaiting further price direction from OPEC's monthly report, while investor disappointment over China's latest stimulus plan and oversupply concerns limited gains.
Oil falls as China stimulus disappoints investors
Oil prices extended declines on Monday as the threat of a supply disruption from a US storm eased and after China’s stimulus plan disappointed investors seeking fuel demand growth in the world’s No. 2 oil consumer.
China Seen Countering Trump Tariffs With Stimulus, Weaker Yuan
China may embrace greater stimulus, bolster manufacturing, and allow the yuan to weaken to offset the negative effects of a ...
China’s stimulus needs more than ‘patchwork policies’ after new debt-relief plan
Economists spoke after Beijing unveiled its debt-relief plan following a week-long meeting of China’s top legislative body.
China hands banks poor stimulus consolation prize
Executives at Chinese state-owned banks probably have one of the financial world's most thankless jobs. Beijing has loosened ...
Japan’s Stimulus Package to Include Price Relief Steps, NHK Says
Japan’s new economic stimulus package will feature cash handouts to help low-income households deal with inflation and extra ...
Asian Stocks Fall as China's Stimulus Plan Fails to Impress Investors
The package, which was approved Friday, was designed to alleviate local government debt but fell short of investor expectations.
China unveils $1.4 trillion stimulus in effort to boost flailing economy
The outlook is grim for the world’s second largest economy, with growth slowing and the prospect of a new trade war following ...
The Economist3d
China’s stimulus falls short, as a showdown with Trump looms
Lan Fo’an, China’s finance minister, said that local governments would be allowed to issue extra bonds worth trillions of ...
Oil settles down 2% on receding hurricane risk, lackluster China stimulus
Oil prices fell on Friday on receding fears over the impact of Hurricane Rafael on oil and gas infrastructure in the U.S.
Chinese Stocks Close Down, Brace for More Volatility Amid Wait for Stimulus
Chinese shares closed lower, dragged by insurance and semiconductor stocks. The benchmark Shanghai Composite Index fell 1.4% ...
China Plans to Slash Homebuying Taxes in Fiscal Stimulus Push
China is planning to cut taxes for home purchases as the government dials up fiscal support to revive a moribund housing ...