U.S. oil prices drop nearly 1% on weak Chinese retail-sales data

Oil prices were falling on Monday morning as traders assessed a batch of economic data in China that showed retail-sales growth unexpectedly weakened in November. Still, traders remained cautious ahead of the Federal Reserve’s policy meeting later this week.

Topics

Weak China retail sales add to pressure on Beijing to lift economy

Consumption rises less than forecast in November, highlighting why leadership made it the top economic concern
Financial Times - 9h
Australia lowers tax revenue forecast on weak Chinese economy

Treasury cuts $5.4bn from budget estimates over next four years, citing ‘significant impact’ of softer commodities demand
Financial Times - 12h
U.S. oil prices top $70 for first time in over 2 weeks on concerns over tight supply

Crude-oil prices ended higher for a third straight session on Wednesday, with China’s plans to boost its economy expected to lift energy demand and as talk of potential new U.S. oil sanctions on ...
MarketWatch - 4d
Concerning new data on U.S. inflation

New inflation data shows concerning consumer trends and sticky high prices for food and shelter. CBS MoneyWatch correspondent Kelly O'Grady reports.
CBS News - 4d
U.S. overdose deaths fell nearly 17% in 1-year period, CDC says

Members of the Biden White House celebrated the report but said there's still more work to be done to further reduce overdose deaths.
CBS News - 4d
Chinese retailer Temu storms Nigeria

Yahoo News - 5d
Hormel’s stock slumps as sales are still being hurt by weak turkey prices

Hormel was impacted by lower prices for whole-bird turkeys this year, as well as a production interruption at a Planters facility in Virginia.
MarketWatch - Dec. 4
Children’s Place profit nearly halves as troubled retailer’s turnaround efforts dampen sales

Troubled retailer is moving away from unprofitable sales and offers of free shipping.
MarketWatch - Dec. 3
U.S. oil prices log modest gains on upbeat China data, ahead of OPEC+ meeting

Global oil prices ended little changed Monday, while U.S. prices posted a modest gain as upbeat manufacturing data from China lifted prospects for energy demand
MarketWatch - Dec. 2

U.S. oil prices drop nearly 1% on weak Chinese retail-sales data

Topics

Related

Weak China retail sales add to pressure on Beijing to lift economy

Australia lowers tax revenue forecast on weak Chinese economy

U.S. oil prices top $70 for first time in over 2 weeks on concerns over tight supply

Concerning new data on U.S. inflation

U.S. overdose deaths fell nearly 17% in 1-year period, CDC says

Chinese retailer Temu storms Nigeria

Hormel’s stock slumps as sales are still being hurt by weak turkey prices

Children’s Place profit nearly halves as troubled retailer’s turnaround efforts dampen sales

U.S. oil prices log modest gains on upbeat China data, ahead of OPEC+ meeting

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