Oil prices steady as markets weigh supply tensions, China economic recovery

Quick Summary:

OIL prices were little changed on Tuesday as worries about China's economic recovery prospects offset supply concerns stemming from tensions in the Middle East and Ukrainian attacks on Russian refineries.

More than eight months into the fighting, international mediation backed by the United States has so far failed to bring a ceasefire agreement.

Gasoline stocks were also expected to have declined, while distillate inventories likely rose last week.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaIsraelUkraineUnited States

Topics: Commodities /Business/Business News WTI Petroleum Brent Crude Oil Opec

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-25 @ 08:40:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 484 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 31 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 21376836

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 days ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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