China's slowing crude demand growth and economic struggles are dampening oil market sentiment.
Global benchmark Brent crude oil futures were up 0.
17% to $71.82 per barrel at 2.
14 a.m.
This would be a big shift in policy, since Saudi Arabia has been leading OPEC and the group's allies, including Russia, in maintaining oil supply cuts since late 2022.
AdvertisementDespite the downside pressure on oil prices, things could change quickly if geopolitical uncertainty rises further in the Middle East.
The US may also provide some support to the market as crude oil inventories hit a two-and-a-half year low as of September 20, the latest data available...
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