Oil is trading lower amid reports of concerns over China demand.
Portfolio Pulse from Benzinga Newsdesk
Oil prices are trading lower due to concerns over demand from China.
July 30, 2024 | 7:18 pm
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The United States Oil Fund (USO) is likely to see a short-term decline in its price due to lower oil prices driven by concerns over China's demand.
USO tracks the price of oil, and with oil prices trading lower due to concerns over China's demand, USO is likely to see a short-term decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100