close
close

Mondor Festival

News with a Local Lens

    • Oil Futures Extend Winning Streak
    minsta

    Oil Futures Extend Winning Streak

    Pabio Posted on

    Oil futures advance for a third straight session, supported by the Middle East risk premium, expectations that stimulus measures will improve China’s economic performance and US inflation data for November which maintained expectations that the Fed would cut interest rates again next week.

    Lower U.S. crude inventories were offset by higher-than-expected product production, while a drop in imports offset rising domestic production, which hit a record 13.6 million barrels per day .

    OPEC, meanwhile, lowered its oil demand growth estimate for 2025 to 1.45 million barrels per day, from 1.54 b/d.

    Pabio
    View all posts

    You Might Also Like