š Oil prices steady near six-week low! Positive Chinese economic data eases demand concerns ahead of OPEC+ meeting this week. Brent crude trades above $81/barrel, WTI near $77. Industrial profits in China show resilience, boosting market sentiment.
š Key points:
- OPEC+ supply discipline supports prices.
- Fed's interest-rate decision on Wednesday.
- OPEC+ meeting on Thursday, market split on production changes.
- Geopolitical tensions in the Middle East add uncertainty.
What do you think? Will OPEC+ change production levels? š¤ Drop your thoughts in the comments! #Bitcoin_Coneference_2024 #BinanceTurns7 #forextrader #Crypto