China Becomes Bearish Factor For Oil Prices Again ...Middle East

Brent crude fell below $85 per barrel on Tuesday as poor import/export data from China weighs on oil markets. Chart of the Week- China has become the most important bearish factor weighing on oil prices recently, with July export-import data showing the Asian country’s economy is struggling to outgrow its post-COVID woes. - Overseas exports of Chinese goods have recorded the worst month-on-month decline since February 2020 last month, down 14.5% in dollar terms, with weak consumer spending and investment growth aggravating the outlook. -…

Hence then, the article about china becomes bearish factor for oil prices again was published today ( Tuesday 08/08/2023 - 06:45 PM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( China Becomes Bearish Factor For Oil Prices Again )

Also on site :

• Körber to acquire majority stake in Stellium to expand supply chain consulting capabilities
• iQIYI Reaches New Heights: 880 Invention Patents Filed in 2025, Over Half Driven by AI Innovation, Further Building Up Its AIGC Leadership
• Hikvision earns ISO/IEC 29147 and ISO/IEC 30111 certification for vulnerability management