Oil futures rose Thursday, finding support as China moved to ease some COVID-19 curbs and traders awaited a weekend meeting of OPEC+ ministers.
In... Oil futures rose Thursday, finding support as China moved to ease some COVID-19 curbs and traders awaited a weekend meeting of OPEC+ ministers. In Beijing, officials will let those infected patients who are low risk to quarantine at home for a week, rather than in a government center, Bloomberg reported, citing sources. China has required anyone with any degree of COVID to stay at those government sites to cut transmission.
“It is still not exactly clear what action if any, the group will take. The weakness in the market over the last several weeks means that further supply cuts cannot be ruled out,” said Warren Patterson, head of commodities strategy at ING, in a note.Crude saw sharp gains Wednesday after the Energy Information Administration on Wednesday reported that U.S. crude inventories dropped 12.6 million barrels for the week ended Nov. 25. That followed two consecutive weekly falls.
We don't need oil. We go green, solar panels
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:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil dips on OPEC+ uncertainty; easing China COVID curbs limit lossesOil prices dipped in Asia trade on Thursday as uncertainty lingered ahead of Sunday's OPEC+ meeting, though easing COVID curbs at the world's top crude importer China capped price declines. But…but…where are America’s strategic oil reserves? Oh, wait. They were tapped almost dry in the run up to the Midterms. Pathetic.
Source: Reuters - 🏆 2. / 97 Read more »
Can China end its ‘zero COVID’ policy — and minimize COVID deaths?Vaccinating more older people, stocking up on antiviral drugs and expanding hospital facilities would help to ease the transition away from zero COVID. no Why? Why not? Fact,Air and droplet infections cannot be ZERO.The economy is always on the move,so a complete Lockdown is impossible. It is the same as the economy will stagnate if Japan does not aim for the inbound effect.Don't forget there are dead.
Source: Nature - 🏆 64. / 68 Read more »
Stocks and oil rise on hopes of looser COVID curbs in China By ReutersStocks and oil rise on hopes of looser COVID curbs in China That was quick ye monster rally like on Dow Futures +0.09 % up...ye ripper China turmoil eases in one day?
Source: Investingcom - 🏆 450. / 53 Read more »
Oil prices move higher on hopes China will relax COVID curbsOil futures rise as traders see signs China may ease up on COVID-19 restrictions following a wave of protests.
Source: MarketWatch - 🏆 3. / 97 Read more »
China's Biggest Protests in Decades - The Journal. - WSJ PodcastsAfter years of strict Covid restrictions, people are taking to the streets in cities across China. But they’re not just protesting zero-Covid, they’re voicing displeasure with Xi Jinping himself. WSJ’s Brian Spegele gives us an inside view of the protests rocking China. Further Reading: -China’s Surveillance State Pushes Deeper Into Citizens’ Lives -Much of China Locks Down With No End to Zero Covid in Sight -Chinese Protests Spread Over Government’s Covid Restrictions Further Listening: -How Xi Jinping's Dream Slowed China's Economy BrianSpegele ❤️
Source: WSJ - 🏆 98. / 63 Read more »
Editorial: China got COVID wrong, and now Xi Jinping is paying the priceFrom the Editorial Board: The brave protests mark the most significant display of defiance against the country’s Communist Party regime since the deadly demonstrations in Tiananmen Square in 1989. You write about China…okay. Great. Where is the journalism on our local hate group (Fuentes in berwyn)? Where is the coverage? You write 100 food reviews and can’t write 1 article on local biz that funds this Nazi. Pathetic. DMs open In America we continue to have large numbers of excess deaths. We are still seeing over 2000 deaths a week from COVID, roughly a 9-11 every 10 days. What is your threshold for calling something a “crisis”? Because covid is used to control the people
Source: chicagotribune - 🏆 8. / 91 Read more »