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Stock impact report

Crude oil little changed after volatile week with China demand fears lingering [Seeking Alpha]

Skeena Resources Limited (SKE) 
Company Research Source: Seeking Alpha
data showing slower inflation and robust retail sales pointing to resilient consumer spending. "It has been a volatile week in oil markets: On one hand you had fears of supply disruptions from a wider Middle East war, but on the other, slowing growth in China forced revisions of demand forecasts," energy consultant Andrew Lipow said, Reuters reported. In the Middle East, two days of talks seeking a ceasefire between Israel and Hamas and release of hostages in Gaza reportedly have made progress, and the talks are seen delaying an expected Iranian attack on Israel that has added to recent risk premium in oil. "Provided the situation in the Middle East does not escalate further, the oil price is likely to tread water ," Commerzbank analysts said. Data from China this week showed its economy lost momentum in July, which prompted the country's refineries to sharply cut crude processing rates last month on tepid fuel demand. Softness in China was cited by both OPEC and the Interna Show less Read more
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