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home / news releases / OLOXF - Oil Prices Hold Firm As Chinese Demand Concerns Rise

OLOXF - Oil Prices Hold Firm As Chinese Demand Concerns Rise

DB Crude Oil Long Exchange Traded Notes due June 1 2038

2024-07-15 10:58:00 ET

Summary

  • Oil prices remain stable despite a turbulent weekend and a strong US dollar.
  • Chinese economic data, including disappointing GDP growth and declining refinery output, raises concerns about oil demand.
  • The focus shifts from supply concerns in the US to demand worries in China.
  • Technical analysis suggests potential for a triple bottom pattern in oil prices, with key support and resistance levels identified.

Oil prices remained resilient this morning following a turbulent weekend. An attack on US Presidential hopeful Donald Trump has seen the US Dollar start the week on the front foot, but oil prices have held firm....

For further details see:

Oil Prices Hold Firm As Chinese Demand Concerns Rise
Stock Information
Company Name: DB Crude Oil Long Exchange Traded Notes due June 1 2038
Stock Symbol: OLOXF
Market: OTC
Website: www.db.com/india
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