WTI oil prices rose more than 1%, passing through the $71 level in response to China’s announcement.Economic stimulus measureslong term, which is expected to help support oil demand in the market
As of 11:22pm Thai time, pricecrude oilwest texas (WTI) Delivered in November. it added $0.97 or 1.38% to $71.34/barrel.
The People’s Bank of China announcedEconomic stimulus measuresThe largest since the outbreak of COVID-19. To free the economy from deflation and make the economy expand according to the goals set by the government.
Oil prices also fell due to the fighting between Israel and Hezbollah. This could force Iran to enter the war. and affecting the supply of oil in the market
In addition, investors are watching for new hurricanes in the Gulf of Mexico. This may affect US oil production. At the same time, oil companies fired workers from oil rigs.
By Kongkiat Kawirakiti
2024-09-24 16:44:58
#price #WTI #oil #break #response #China #stimulating #economy
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