Oil prices rebound after OPEC upgrades China demand outlook
May 29, 2024, 11:58 AM
TDD-global
6345
Oil prices rebounded more than 1% on Wednesday, recovering from the previous day's plunge, as a stronger OPEC outlook on China's demand helped offset bearish global investor sentiment in the wake of the recent U.S. bank failures.
Oil prices rebounded more than 1% on Wednesday, recovering from the previous day's plunge, as a stronger OPEC outlook on China's demand helped offset bearish global investor sentiment in the wake of the recent U.S. bank failures.
Brent crude futures climbed 93 cents, or 1.2%, to $78.38 a barrel by 0324 GMT. U.S. West Texas Intermediate crude futures (WTI) gained 96 cents, or 1.4%, to $72.29 a barrel. On Tuesday, the benchmarks fell more than 4% to a three-month low.
Recommended for you
- Petroleum Coke Market Analysis Analysis of domestic petroleum coke index(December 23, 2024)729
- The Import and Export of Carbon Black Maintained a YOY Increase in November(December 24, 2024)1005
- Titanium Market Overview(December 24, 2024)465
- Caustic soda: The liquid caustic soda market is stable with a decline, the flake caustic soda remains relatively stable, and the market shows a "four consecutive increases"(December 24, 2024)569
- Polyethylene PE: Spot prices are stable with small fluctuations, and transactions on the market slow down(December 24, 2024)336
August 21, 2024, 2:42 PM
August 21, 2024, 2:28 PM
August 21, 2024, 2:20 PM
August 21, 2024, 3:01 PM
