Oil prices fall as China property crisis overshadows Middle East violence
Publishing timestamp: 2024-01-29 11:45:48
Summary
Oil prices fell after missiles launched by Iran-backed militants killed U.S. troops and struck a fuel tanker. The liquidation of China Evergrande, a heavily indebted property developer, is also causing concerns about China's economy. The article discusses the potential implications for oil demand and the escalating tensions in the Middle East.
Sentiment: MIXED
Keywords: united states, jo, commodity markets, syria, business news, oil and gas, wti crude (mar'23), government and politics, ice brent crude (apr'23), israel, joe biden,