Oil Falls on Weak Chinese Data, Hawkish Fed Also Weighs0

• Market, Stock Market
• November 3, 2022

Oil prices retreated from a three-week high on Thursday after weak economic data from China pointed to more trouble in the world’s largest crude importer, while the outlook for demand was also dimmed by the prospect of higher U.S. interest rates A private survey showed that China’s massive services sector shrank for a second straight