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Oil prices fall after China briefing
Following the China briefing, global oil prices fell more than 1%.
7.56 The current December price of Brent crude oil futures fell by 1.19% to $78.1 per barrel, and the November price of WTI crude oil futures fell by 1.2% to $74.65, RIA Novosti reports.
"Oil prices fell after China's finance ministry briefed on Saturday, with no new stimulus for spending by the top importer revealed and the threat of an Israeli attack on Iran hanging over markets," Bloomberg said in a note.
The Chinese government promised more support for the property sector and pushed for more government borrowing, but the scale of the support was not mentioned at the briefing, according to the National Intelligence Service. China is one of the world's largest importers and consumers of oil.