(Bloomberg) -- Oil was steady near a seven-week low on a shaky demand outlook, especially in the biggest importer China.Most Read from BloombergVenezuela’s...
Brent crude traded below $80 a barrel after losing more than 3% over the previous two sessions, while West Texas Intermediate was around $76. Banks including Citigroup Inc. have downgraded their growth forecasts for Asia’s biggest economy, while physical export prices of US oil heading to Asia are weakening.Crude remains modestly higher for the year, aided by OPEC+’s supply cutbacks and expectations for lower borrowing costs in the US.
Elsewhere, Venezuela’s opposition said they have proof of voter fraud, and that opposition candidate Edmundo González won Sunday’s election instead of incumbent Nicolás Maduro. LOS ANGELES — A federal judge ordered Monday that the University of California, Los Angeles, craft a plan to protect Jewish students, months after pro-Palestinian protests broke out on campus.Southern Ontarians will need to be weather-aware Tuesday as a risk of slow-moving thunderstorms and heavy rainfall brings an elevated chance of flooding.Some say laughter is the best medicine.
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