Oil Steady Ahead Of Fed Rate Hike Decision ...Middle East

Once again, oil price watchers are looking at U.S. Federal Reserve decisions rather than supply-demand balances, with the community eagerly anticipating Thursday’s inflation data to gauge the extent of upcoming interest rate hikes. The main bullish factor of the past weeks, namely China’s widely expected return to oil markets, is still yet to boost oil prices as trust in Chinese consumption growth remains tepid.Chart of the WeekWhen Is China Going to Come Back for Real?- After three years of closures, China has opened its borders and…

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