Western Texas Intermediate (WTI) oil price pulls back from the recent gains, trading lower around $86.00 per barrel during the European session on Mon
Crude oil prices retrace the recent surge; seeking more cues on the Israel-Hamas war. Iran warned Israel that the situation could escalate if alleged war crimes are not halted in Gaza, Softer outlook for the Chinese economy could help in dampening the Crude oil demand. day. The current consolidation in crude oil prices suggests a wait-and-see approach among traders, anticipating more cues and developments related to the Middle East conflict.
The latest poll by Reuters indicates an expectation of a slowdown in China's economy during the third quarter. The forecast suggests a year-on-year GDP growth rate of 4.4%, down from 6.3% in the second quarter. Additionally, the quarter-on-quarter GDP forecast for Q3 is 1.0%. The poll anticipates China's economy to grow by 5.0% in 2023. These data point to a progressively softer outlook for the Chinese economy, attributed to weakening domestic demand conditions.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hamas 'Day of Rage' protests break out in Middle East and beyondPro-Palestinian protests broke out across the Middle East and beyond on Friday after a former Hamas leader called on supporters to join in a 'Day of Rage.'
Read more »
Hamas 'Day of Rage' protests break out in Middle East and beyondPro-Palestinian protests broke out across the Middle East and beyond on Friday after a former Hamas leader called on supporters to join in a 'Day of Rage.'
Read more »
Hamas 'Day of Rage' protests break out in Middle East and beyondPro-Palestinian protests broke out across the Middle East and beyond on Friday after a former Hamas leader called on supporters to join in a 'Day of Rage.'
Read more »
Hamas 'Day of Rage' protests break out in Middle East and beyondPro-Palestinian protests broke out across the Middle East and beyond on Friday after a former Hamas leader called on supporters to join in a 'Day of Rage.'
Read more »
Hamas 'Day of Rage' protests break out in Middle East and beyondPro-Palestinian protests broke out across the Middle East and beyond on Friday after a former Hamas leader called on supporters to join in a 'Day of Rage.'
Read more »
Biloxi family awaits return of relative from Middle East amid war in IsraelFor several years, Sarah Beth Park’s father has been dreaming of going to Israel. That dream became a reality on Saturday when he arrived — but for his family, it quickly became a nightmare.
Read more »