Oil prices Tread Water As Markets Weigh China Recovery, Fed Caution0

• Stock Market
• January 31, 2023

Oil prices were muted in early trade on Tuesday as optimism over better-than-expected economic data from China was offset by caution over an upcoming Federal Reserve meeting and an OPEC decision on production. Chinese business activity grew more than expected in January, government data showed, indicating that the country’s economy was clearly on a path