Oil Prices Edge Up Slightly But Demand Concerns Limit Recovery
• Oil prices stage a small recovery after falling to a 6-month low, but outlook remains weak due to sluggish demand in U.S. and China • China's crude oil imports fell 9% in November as high inventories, weak economy, and slowing demand from refiners weigh • U.S. gasoline stocks rose more than expected last week, raising concerns about weak demand • OPEC+ production cuts announced last week have not boosted prices significantly yet • Russia and Saudi Arabia met to discuss further cooperation on oil prices as OPEC+ members consider extending or strengthening cuts