Oil prices plunge as China stimulus underwhelms, US hurricane risk abates
Investing.com-- Oil prices fell in Asian trade on Monday (NASDAQ: MNDY) as more fiscal stimulus measures from top importer China largely underwhelmed, while a hurricane in the Gulf of Mexico appeared to have a limited impact on U.S. production.
The Cool Down on MSN1h
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Oil edged higher but prices remained under pressure as supply risks due to Hurricane Rafael eased and markets were left disappointed by China’s debt package.
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