Oil Prices Remain Depressed Amid Demand Uncertainty In China And The U.S.

May 1, 2023
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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Crude oil prices remained subdued today, pressured by data pointing to a slowdown in China’s recovery and the second-biggest bank collapse in the United States since the 2008 crisis. At the time of writing, Brent crude was trading at $79.11 per barrel and West Texas Intermediate was at $75.45 per barrel, both slightly down from opening. Earlier this week, China released data pointing to a surprise contraction in manufacturing activity that suggests oil demand growth may falter in the world’s largest importer. Separately, California…

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

Oil Prices Remain Depressed Amid Demand Uncertainty In China And The U.S.

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