Oil prices edge lower with China stimulus, Syria tensions in focus
Investing.com-- Oil prices fell slightly in Asian trade on Tuesday, losing some ground after pledges of more stimulus in top importer China and heightened geopolitical tensions in Syria sparked strong gains.
Beijing said it will support stock and property markets while “vigorously” supporting local consumption- its most clear signal yet of more targeted stimulus measures. Beyond China, oil markets are bracing for a string of key economic readings and central bank meetings scheduled for the last few weeks of 2024. U.S.Oil prices saw a higher risk premium this week, after rebel forces ousted Syrian President Bashar al-Assad and installed a new regime, ending a 13-year civil war.
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