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Oil Dips as Investors Weigh Whether New China Stimulus Will Boost Demand

September 25, 2024, 06.20 PM | Source: Reuters
Oil Dips as Investors Weigh Whether New China Stimulus Will Boost Demand

ILUSTRASI. A flare burns excess natural gas in the Permian Basin in Loving County, Texas, U.S. November 23, 2019. REUTERS/Angus Mordant

OIL PRICE - JAKARTA. Oil prices slipped on Wednesday as investors reassessed whether China's latest stimulus plans will be able to boost its economy and spur fuel demand in the world's largest crude importer.

Still, declining U.S. crude oil and fuel stockpiles, and more violence in the Middle East, provided some support for the market.

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