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Oil rises on fresh China stimulus, Mideast tensions...
24 Sep, 2024 11:24
121 min read
Oil prices increased due to China's monetary stimulus and escalating tensions in the Middle East, raising concerns about regional supply disruptions. Brent crude futures rose to $74.74 per barrel, while US WTI crude climbed to $71.29. Analysts noted that China's latest stimulus aims to combat economic slowdown, although sustainability of the price rally remains uncertain. Meanwhile, Israel's military actions against Hezbollah have heightened market fears of conflict in a key oil-producing region. Additionally, a hurricane threat is prompting US oil companies to evacuate personnel and pause production in the Gulf of Mexico....
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Precious Metals
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Base Metals
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Precious Metals
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Other
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Precious Metals
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Distribution
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