The end of the Third Plenum in China this week brought few signs that the top leadership is preparing to take major steps to boost demand or halt the slump in the country's property market.
OPEC+ delegates expect no change in supply growth plans from the fourth quarter. The group, led by Saudi Arabia and Russia, agreed last month to start reviving about 2.2 million barrels a day of production, which was halted from October.
Crude oil is still high this year, supported by OPEC+'s supply restraint, a recent drop in US inventories and expectations that the Fed will cut interest rates.
It is stated that technically, the range of 85.88 to 86.64 dollars can be followed as resistance and the range of 83.46 to 82.70 dollars as support zone in Brent oil.
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