Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude and Brent Crude patterns. Get information on key pivot points, support and resistance and crude oil news today
Crude Oil Prices Struggle As China Growth Plans Fail to Convince
Worries about Chinese energy demand have been a problem for oil bulls for some time as the world’s number two economy struggles to regain anything like its pre-pandemic vigor. Beijing has announced its intentions to ‘transform’ its development mode, and address endemic overcapacity, but its 2024 growth target of 5% perhaps only served to remind investors that China remains in the slow lane by its own recent standards.
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Crude Oil Prices Struggle As China Growth Plans Fail to Convince
Worries about Chinese energy demand have been a problem for oil bulls for some time as the world’s number two economy struggles to regain anything like its pre-pandemic vigor. Beijing has announced its intentions to ‘transform’ its development mode, and address endemic overcapacity, but its 2024 growth target of 5% perhaps only served to remind investors that China remains in the slow lane by its own recent standards.
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