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Oil prices dip as geopolitical risks stabilise, China demand weighs

The Star LogoThe Star1w ago

Oil prices dip as geopolitical risks stabilise, China demand weighs - The Star

Quick Summary:

TOKYO/SINGAPORE: Oil prices eased on Tuesday as the top U.S.diplomat renewed efforts to push for a ceasefire in the Middle East and as slowing demand growth in China, the world's top oil importer, continued to weigh on the market.

The move comes after data on Friday showed China's economy grew at the slowest pace since early 2023 in the third quarter, fuelling growing concerns about oil demand.

West Texas Intermediate crude futures for November delivery were 18 cents lower at $70.43 a barrel on the contract's last day as the front month.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 13:50:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 562 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23193811

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 26 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 7 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

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The story "Oil prices dip as geopolitical risks stabilise, China demand weighs" was covered 1 weeks ago by The Star, a news publisher based in Malaysia.

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  • URL: https://beamstart.com/news/oil-prices-dip-as-geopolitical-17295767811725

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