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  Oil drops 2% as concerns over China’s demand wipe out last week’s gains Oil prices dropped by approximately 2% on Monday, erasing last week’s gains, as China’s oil imports fell for the fifth consecutive month, fueling concerns over fuel demand. This decline was further driven by OPEC’s decision to lower its global oil demand growth forecasts for 2024 and 2025. China’s stimulus measures failed to boost investor confidence, while markets remained tense over the potential for Israeli strikes on Iranian oil infrastructure. On Monday, OPEC revised its forecast for global oil demand growth in 2024, marking its third consecutive downward adjustment for the upcoming year. The primary contributor to this downgrade was China, the world’s largest importer of crude oil, as OPEC reduced its growth estimate for the country from 650,000 barrels per day (bpd) to 580,000 bpd. Data indicated that China’s crude oil imports for the first nine months of this year fell nearly 3% compared to the previ...

  If you’re thinking about getting into trading, there are a few things to keep in mind that can help you succeed. Here are some tips to get you started: Start with a plan : Before you start  trading , make sure you have a plan. This should include your goals, risk tolerance, and the strategies you’ll use to achieve those goals. Having a plan in place can help you stay focused and avoid making impulsive decisions. Keep up with market news : The market is constantly changing, and keeping up with the latest news can help you make informed decisions. Follow financial news sources, subscribe to newsletters, and join online communities to stay up-to-date on the latest developments. Learn from your mistakes : No one gets it right all the time, and you’re bound to make mistakes along the way. However, it’s important to learn from those mistakes and use them to improve your strategy in the future. Be disciplined : Trading can be exciting, but it’s important to stay disciplined and sti...