OIL STABILIZES TODAY AFTER SUFFERING ITS WORST DAILY LOSS IN 17 MONTHS
Crude oil prices recovered on Tuesday after a big drop on Monday, which was the worst loss since May 2023.
The U.S. plans to buy oil to add to its strategic reserves, boosting market confidence in U.S. demand.
China might approve a major financial package to support its economy, which could increase oil demand.
The financial support could grow further if Donald Trump wins the U.S. election, increasing optimism about China’s economy and global oil demand.
