After the first weekly loss in four, oil bulls will be raring to push crude oil towards the higher $90s, while top buyer China again faces its recurring bogeyman — an ailing property sector — that’s weighing on its stock market.
Over in the United States, the spotlight will be on speeches by several Federal Reserve policy-makers — most notably Chairman Jerome Powell on Friday — to follow through with the central bank’s decision last week to hold interest rates where they are but add to them as necessary to keep inflation under control.
Source: Investing.com
