Oil Drops As US Storm Threat Subsides, China's Stimulus.

FUTURES sales & prices; SUPPLY chain disruptions; INVESTORS; LIQUEFIED gases; ECONOMIC stimulus

Oil prices fell due to a combination of factors, including disappointment over China's stimulus program and the easing threat of a supply disruption from a U.S. storm. Brent crude futures dropped by 0.4% to $73.56 a barrel, while U.S. West Texas intermediate crude futures were down by 0.5% at $70 a barrel. The lack of fiscal stimulus in China and the impact of policies introduced by the next U.S. Administration are being closely monitored by analysts. Additionally, the global economy's uncertainty, driven by U.S. president-elect Donald Trump's policies, has influenced oil prices, with expectations of tightened sanctions against OPEC producers Iran and Venezuela. Oil markets are also supported by strong demand from U.S. refining companies operating at high capacity due to low crude inventories and increased demand for gasoline and diesel. [Extracted from the article]