From Investing.com: 2024-12-11 04:28:00

WTI crude hovers near $67 support as Chinese demand weakens and U.S. output rises. OPEC+ faces pressure to counter bearish trends. China’s slowing economy impacts global oil demand, with growth projected below 5%. U.S. drilling activity climbs to highest levels, supported by Republican leadership. OPEC+ extends production cuts to April but may need further measures. Technical analysis shows WTI in a bearish pattern between $65-$67. Subscribe to InvestingPro for AI-powered stock picks.



Read more at Investing.com: Crude Oil: Critical $67 Support Under Threat Amid China Slowdown, Rising US Output