financetom
World
financetom
/
World
/
Oil prices fall by more than a $1 on Chinese economic data
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Oil prices fall by more than a $1 on Chinese economic data
Oct 13, 2024 5:49 PM

BEIJING (Reuters) - Oil prices fell by a dollar in early Asian trading on Monday after disappointing Chinese inflation data over the weekend stoked fears about demand.

Brent crude futures were down $1.12 at $77.92 per barrel by 2228 GMT, and U.S. West Texas Intermediate crude futures fell $1.07 to $74.49 per barrel.

China's deflationary pressures increased in September, according to its National Bureau of Statistics, and a Saturday news conference left investors guessing about the overall size of a stimulus package to revive the sputtering economy.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
MORNING BID ASIA-Bank results boost Wall St, China plan leaves questions
MORNING BID ASIA-Bank results boost Wall St, China plan leaves questions
Oct 13, 2024
Oct 14 (Reuters) - A look at the day ahead in Asian markets. As the trading week begins in Asia, Chinese stocks are coming off several days of retrenchment while U.S. equities keep churning higher. Wall Street's main indexes ended with gains on Friday. The benchmark S&P 500 stood at record-high levels after logging its fifth-straight week of gains. JPMorgan...
CANADA STOCKS-TSX advances for fifth straight week on global easing cycle
CANADA STOCKS-TSX advances for fifth straight week on global easing cycle
Oct 11, 2024
* TSX ends up 0.7% at 24,471.17 * For the week, the index climbs 1.3% * Financials add 0.8%; tech rises 1.2% * Nine of 10 major sectors notch gains (Updates at market close) By Fergal Smith Oct 11 (Reuters) - Canada's main stock index extended its record-setting run on Friday in a broad-based move that included gains for heavily...
Oil prices fall by more than a $1 on Chinese economic data
Oil prices fall by more than a $1 on Chinese economic data
Oct 13, 2024
BEIJING (Reuters) - Oil prices fell by a dollar in early Asian trading on Monday after disappointing Chinese inflation data over the weekend stoked fears about demand. Brent crude futures were down $1.12 at $77.92 per barrel by 2228 GMT, and U.S. West Texas Intermediate crude futures fell $1.07 to $74.49 per barrel. China's deflationary pressures increased in September, according...
Morning Bid: Bank results boost Wall St, China plan leaves questions
Morning Bid: Bank results boost Wall St, China plan leaves questions
Oct 13, 2024
(Reuters) - A look at the day ahead in Asian markets. As the trading week begins in Asia, Chinese stocks are coming off several days of retrenchment while U.S. equities keep churning higher. Wall Street's main indexes ended with gains on Friday. The benchmark S&P 500 stood at record-high levels after logging its fifth-straight week of gains. JPMorgan Chase and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved