💨 Abstract

Oil prices declined on Monday due to bearish economic news from the US and Germany, despite a weaker US dollar and increased heating demand from a winter storm. Brent fell 0.3% to $76.30 and WTI dropped 0.5% to $73.56, remaining in overbought territory. The decline followed five days of rising prices due to expectations of more fiscal stimulus for China's economy.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖