Oil prices rallied on improved Chinese demand outlook and Middle East tensions

23 Oct 2024 Global crude oil benchmarks closed higher on Tuesday, 22 October 2024, driven by expectations of rising demand in China and escalating geopolitical tensions in the Middle East, both of which contributed to the surge in prices.

23 Oct 2024

Freightos: Weekly Ocean Freight Index Update

Despite the widespread rate reductions, some disruptions, such as Red Sea diversions, are limiting capacity, which keeps prices roughly three times higher than their 2023 levels.

23 Oct 2024

Dalian Commodity Exchange: 23 October 2024

The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 23 October 2024 settled as follows:

22 Oct 2024

Oil rallied on renewed China’s growth support measures and Middle East tensions

Global crude oil prices surged on Monday, 21 October 2024, with international benchmarks rising over $1 per barrel. The gains came on the back of renewed optimism over China’s latest economic stimulus measures

22 Oct 2024

Dalian Commodity Exchange: 22 October 2024

The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 22 October 2024 settled as follows:

21 Oct 2024

Oil extended decline amid global demand concerns and mixed geopolitical signals

China, the world's largest importer of oil, reported its slowest economic growth since early 2023, exacerbating concerns about energy demand in the world’s second-largest economy. The slowdown, alongside a staggering 42% surge in electric vehicle (EV) sales in August