Oil Edges Higher; Demand Forecasts in Focus
Portfolio Pulse from
Oil prices increased in early Asian trade despite recent concerns over weak demand from China. Investors are focusing on demand forecasts.
November 12, 2024 | 1:30 am
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BNO, an ETF that tracks oil prices, may see a positive impact as oil prices rise in early Asian trade. However, concerns over China's weak demand could limit gains.
BNO is directly linked to oil prices, which have risen in early Asian trade. This typically leads to a positive impact on BNO's price. However, the ongoing concerns about China's weak demand for oil could temper the extent of these gains.
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