Oil prices were little changed on Tuesday after five sessions of gains, with weak oil data from top crude importer China balanced by concern over supply.
Bearish sentiment surrounded a contraction in China’s exports and imports in January and February, including crude imports. The decline came despite a lifting of COVID-19 restrictions, pointing to weakness in foreign demand. Price support, meanwhile, was provided by supply concerns. Chevron Chief Executive Mike Wirth on Monday told at a Houston conference that there is “not a lot of swing capacity,” making the global market vulnerable to any unexpected supply disruption.
U.S. crude inventories could register their first decrease in 10 weeks, a Reuters poll showed before official data is published this week.
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fuente: CTVCalgary - 🏆 26. / 68 Leer más »