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Oil wavers on weak demand outlook in US and China, Fed hedging
![IndiaTimes]()
Monday, 13 November 2023
Oil prices remained uncertain on Monday due to concerns over declining demand in the US and China, as well as mixed signals from the US Federal Reserve. Brent crude futures for January were slightly down, while US West Texas Intermediate (WTI) crude futures for December also decreased. The market has been affected by slow demand in the US and China, as well as worries over potential supply disruptions. Opec+, the Organization of the Petroleum Exporting Countries and allies including Russia, will meet on November 26.
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Monday, 13 November 2023
