Oil prices slip ahead of Fed meeting and China data

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 24 sec. here
  • 7 min. at publisher
  • 📊 Qulity Score:
  • News: 30%
  • Publisher: 63%

Oil prices dropped $1 a barrel as investors await the outcome of the Fed policy meeting and China's manufacturing data. Geopolitical tensions in the Middle East provide some support.

Oil Prices, Fed Policy Meeting, China Manufacturing Data, Geopolitical Tensions, Middle East

SINGAPORE (Reuters) - Oil prices slipped $1 a barrel on Monday as investors adopted caution ahead of the Fed policy meeting and China's manufacturing data later this week, offsetting support from geopolitical tensions in the Middle East.

Both Brent and WTI ended 3% higher on Friday after Israel stepped up its ground incursions into Gaza, stoking worries that the conflict could widen in the region that accounts for a third of global oil production."The weekend playout signals no further expansion into a wider regional war, which caused a retreat in oil prices."

A pro-Russian former Ukrainian lawmaker who was lined up to be Putin's puppet leader in Kyiv was shot in Crimea

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:


Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil dips as caution about data-heavy week offsets Mid-East war boostOil prices slipped $1 a barrel on Monday as investors adopted caution ahead of the Fed policy meeting and China's manufacturing data later this week...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

BTC Price Fluctuations Ahead of Fed Rate Pause AnnouncementBTC's price has been fluctuating around $34k ahead of the Fed's likely rate pause announcement. Traders are anticipating slight volatility and potential bounce in BTC's price.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Stock Traders Face Pivotal Week as Apple Steals Fed SpotlightA Federal Reserve meeting typically is the stock-market story of the week. Not so this time, however, as investors are more focused on Apple Inc.’s Thursday earnings report than the central bank’s Wednesday interest-rate decision.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Fed to Weigh How Much Fuel Consumers Have Left After Rate HikesThe surprising resilience of American consumers is about to be tested over the coming months, as rising delinquencies, growing debt payments and dwindling cash piles put pressure on household balance sheets.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Treasury Department's Borrowing Plan Takes Center Stage as Fed Policy Statement LoomsInvestors are eagerly awaiting the Treasury Department's new borrowing plan, which will reveal the extent to which longer-term debt will be sold to fund a widening budget deficit. The plan comes hours ahead of the Federal Reserve's interest-rate decision.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

China to Increase Domestic Flights by 34% to Boost Airlines' RecoveryChina's aviation regulator plans to increase domestic flights by 34% above pre-pandemic levels, boosting the recovery of Chinese airlines. The move comes as China's top airlines report their first quarterly profits in over three years, raising hopes for a turnaround. The Civil Aviation Administration of China will roll out its winter and spring flight plan, with 7,202 new weekly flights and the opening of 516 new domestic routes. This increase in connectivity will benefit regional airports in western and southern China as well as major hub airports in Shanghai, Beijing, and Guangzhou.
Source: SaltWire Network - 🏆 45. / 63 Read more »