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Re: energybuyer post# 49544

Monday, 12/02/2024 12:32:48 PM

Monday, December 02, 2024 12:32:48 PM

Post# of 49563
Oil prices rise in early European trade, supported by Chinese factory activity growth and expectations that OPEC+ will further delay its planned output hike at a meeting this week. Benchmarks Brent crude and WTI are both up 0.7% to $72.34 and $68.48 a barrel, respectively. An official gauge of China’s manufacturing activity expanded modestly for a second consecutive month in November—a positive sign for the top crude oil importer’s economy.
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