💨 Abstract

Oil prices remained steady on Wednesday as investors reevaluated the effectiveness of China's economic stimulus plans, while declining U.S. crude and fuel stockpiles offered support. Prices rose 1.7% on Tuesday following China's stimulus announcement, but analysts warned more fiscal intervention is required to boost the economy. oil inventories fell last week, contributing to ongoing global declines in oil stockpiles.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖