Oil Prices Dip as China’s Stimulus Plans Fall Short and Demand Concerns Linger

The global oil market experienced a downturn on Monday, October 14, 2024. Crude oil futures closed lower due to disappointing inflation data from China and uncertainty surrounding Beijing’s economic stimulus plans. The Organization of Petroleum Exporting Countries (OPEC) reduced its oil demand growth forecast for the remainder of 2024 and 2025. This news slightly eased […]