Oil prices held steady in early trading on Tuesday after falling 2 per cent in the previous session, with markets awaiting the release of economic data in China, looking for signs of economic recovery and growth to offset weakening demand elsewhere.
Prices dropped on Monday as the dollar strengthened on expectations of a possible May interest rate hike by the U.S. Federal Reserve that could dampen economic recovery hopes. The International Energy Agency has forecast that China will account for most of 2023 demand growth.
Source: Digital Coin News (digitalcoinnews.net)
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