Oil Prices Fall As Traders Focus On Demand Concerns

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Crude oil prices began the new week with a loss earlier today, with a renewed focus on demand in China and the United States weighing on benchmarks. In mid-morning Asian trade, both Brent and West Texas Intermediate had shed close to 1% following news that gasoline demand in the U.S. might fall to the lowest in two decades next year and that Chinese refiners had asked for lower volumes of Saudi crude for December, Reuters reported. While the forecast about U.S. gasoline demand might indeed be conducive to a more bearish behavior among traders,…      



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.

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