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....
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Oil Prices Hold Firm As Chinese Demand Concerns Rise