Oil set for weekly gains as market eyes US, Chinese policy support

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Investors are also watching for further interest rate cuts by the Federal Reserve this year to support the US economy.

China raised wages for government workers in a surprise one-off move that would inject up to $20 billion into the economy.

US West Texas Intermediate crude dipped by 6 cents to $73.07, with Thursday's close its highest since Oct.14.

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Article Details

Category: BusinessFinance

Markets: IndiaChina

Topics: Brent crude China economy China manufacturing Oil prices Crude oil

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-03 @ 15:44:04 (6 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 400 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 24846978

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Official Website: business-standard.com

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Year Established: 1975

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Coverage Areas: India

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