💨 Abstract

Oil prices were steady but expected to fall weekly due to increased global supply and weakening demand. China lowered interest rates and injected liquidity to stimulate its economy, but concerns about OPEC's planned production increase pushed prices lower. Saudi Arabia's decision to raise output from December was confirmed, and Libya's disputes over crude exports ended, adding to global supply.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖