Oil Prices Retreat Amid Weak Chinese Data and Anticipation of U.S. Interest Rate Cuts

Oil prices experienced a decline on December 16, following a week of gains. This drop stemmed from disappointing economic indicators in China and growing speculation about potential interest rate cuts in the United States. Brent crude oil futures for February 2025 closed at $73.91 per barrel. This reflected a modest increase of 0.78% on the […]