Oil drops on China's cautious growth goal as fed concerns linger
This week, the price on oil commences with a drop after China presented a modest growth target for 2023, avoiding any large stimulus while the market awaits news of more monetary tightening from the US.
By Yongchang Chin, Bloomberg
Oil declined at the start of the week after China set a modest growth target for this year and avoided any large stimulus, while concerns lingered over further monetary tightening from the Federal Reserve.
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