Oil futures declined on Wednesday, with U.S. and global benchmark prices touching their lowest levels in about two weeks after a group of major oil producers lowered expectations for global demand growth. Traders also weighed prospects for oil demand and U ...

(Reuters) - Oil prices held near their lowest in two weeks on Wednesday, a day after OPEC downgraded its forecast for global oil demand growth in 2024 and 2025 and amid demand concerns in China. Brent futures were up 49 cents, or 0.68%, to $72.38 a barrel ...

Both contracts had fallen by more than 5% over the previous two trading sessions. China on Friday unveiled a 10 trillion yuan ($1.40 trillion) debt package to ease local government financing strains, but analysts said it fell short of the amount of stimulus that would be needed to boost growth.