China fiscal stimulus

Oil spikes 1% in holiday-thinned session over China stimulus outlook; Brent hits in rangebound trade | Stock Market News

Oil spikes 1% in holiday-thinned session over China stimulus outlook; Brent hits $74 in rangebound trade | Stock Market News

TheSpuzz Desk1 month ago06 mins

Source: Live Mint International crude oil prices rose almost one per cent on Thursday, December 26, in a holiday-thinned trading session driven by hopes for additional fiscal policy stimulus in China, the world’s biggest oil importer, and supported by an industry report showing a decline in US crude inventories. Brent crude futures last rose 48…

Oil prices up by 1% in thin pre-holiday trade

TheSpuzz Desk1 month ago05 mins

Source: Live Mint By Laila Kearney and Paul Carsten NEW YORK/LONDON (Reuters) -Oil prices rose by more than 1% on Tuesday, reversing the prior session’s losses on a brightening short-term outlook tied to the prospect of slightly tightening supplies as trade thinned ahead of the Christmas and Hanukkah holidays. Brent crude futures settled at $73.58,…