Natural Gas and Oil Forecast: China's Sluggish Demand Weighs on Price Recovery
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China's declining refinery output and weak demand are hindering the recovery of natural gas and oil prices, despite geopolitical tensions and market volatility.
November 18, 2024 | 7:00 am
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The United States Brent Oil Fund (BNO) may experience pressure due to China's weak demand and declining refinery output, which are hindering oil price recovery.
BNO, which tracks Brent oil prices, is likely to be negatively impacted by China's sluggish demand and declining refinery output. These factors contribute to a weaker oil price recovery, affecting BNO's performance.
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RELEVANCE 80