U.S. oil benchmark falls back below $70 a barrel on China stimulus disappointment

Oil futures continued their downward trend on Monday, influenced by disappointing news from China and expectations of increased U.S. production under the upcoming Trump administration. China, the world’s largest crude importer, played a significant role in putting pressure on oil prices, while the anticipation of higher production levels in the U.S. further added to the market’s concerns. The market remains cautious as it monitors these developments closely for potential impacts on oil prices in the near future.

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