Oil steady, traders hopeful on China demand but worried about Fed

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The Star 1d ago

Oil steady, traders hopeful on China demand but worried about Fed - The Star

Quick Summary:

HOUSTON: Oil prices were little changed on Monday, as hopes of stronger demand stemming from higher factory activity in China was largely offset by concerns that the U.S.

Federal Reserve will not cut interest rates again at its December meeting.

Even though the ceasefire is underway in Israel, it seems evident that there are some misconceptions about the legitimacy of the ceasefire," said Dennis Kissler, senior vice president of trading at BOK Financial.