Oil prices hold near two-week low as weak China data adds to demand concerns
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Oil prices are near a two-week low due to weak economic data from China and warming weather forecasts, which have negatively impacted the demand outlook.
January 28, 2025 | 3:00 am
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The United States Brent Oil Fund (BNO) may experience short-term price pressure due to the decline in oil prices, driven by weak economic data from China and warming weather forecasts.
BNO is directly linked to Brent oil prices, which are currently under pressure due to weak demand signals from China and warming weather forecasts. This is likely to negatively impact BNO's short-term price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80