Oil futures edge higher in early trade Monday, attempting to bounce after last week's fall as investors weigh recession fears against tight crude supplies
Oil futures edged higher in early trade Monday, attempting to bounce after last week’s fall as investors weigh recession fears against tight crude supplies.
Volatile... Oil futures edged higher in early trade Monday, attempting to bounce after last week’s fall as investors weigh recession fears against tight crude supplies. Volatile activity in financial markets last week underlined fears of a global economic downturn that could crimp crude demand, though underlying tightness in supplies and OPEC+’s willingness to cut production despite U.S. anger were seen underpinning prices.
China on Monday unexpectedly delayed the release of its third-quarter gross domestic product figures a day before their official release, news reports said, an unusual move as the country’s ruling Communist Party begins a key political gathering.
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