News Formal

Oil prices ease as market awaits China data to gauge demand

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Oil prices ease as market awaits China data to gauge demand

© Reuters. FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo

Both benchmarks gained about 30 cents on Monday after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end of the year. China will release its import and export figures for October on Tuesday at 0300 GMT, while bank lending, credit and key consumer price inflation data is due on Thursday.

Prime Minister Benjamin Netanyahu said Israel would consider"tactical little pauses" in Gaza fighting to facilitate the entry of aid or the exit of hostages, but again rejected calls for a general ceasefire despite growing international pressure.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New orders lift Saudi non-oil business activity growth to 4-month high-PMINew orders lift Saudi non-oil business activity growth to 4-month high-PMI
Source: Investingcom - 🏆 450. / 53 Read more »