Oil prices fell on Chinese stimulus disappointment, supply outlook

Quick Summary:

Brent crude futures settled at $71.83 a barrel, down $2.04 or 2.76 per cent .

US West Texas Intermediate crude futures finished at $68.04 a barrel, down $2.34, or 3.

The US dollar index, a measure of its value relative to a basket of foreign currencies, slightly overshot the highs seen right after last week's US presidential election, with markets still waiting for clarity about future US policy.

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Category: BusinessFinance

Markets: IndiaChinaMexico

Topics: Crude oil Supply outlook Oil prices Oil prices slip China stimulus Brent crude

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 06:47:34 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 526 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23540169

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