Crude is mixed in Asia on China dismal PMI

Crude is mixed in Asia on China dismal PMI

On Tuesday, crude was mixed in Asia because China demand attracted attention on a weaker than anticipated PMI.

In New York, December delivery crude futures went down 0.18% being worth $54.05 a barrel. Meanwhile, in London, Brent futures gained 0.02% trading at $60.2 a barrel.

As China revealed, October’s official manufacturing PMI accounted for 51.6 versus the expected 52.

A bit later on Tuesday, the American Petroleum Institute is expected to disclose its weekly estimates of crude as well as refined product stocks. Market experts see a 2.575 million barrels sag in oil, a 2.450 million barrels slide in distillates, a 2.050 million barrels tumble in gasoline supplies.

On Monday, crude prices settled higher because worries over a rise in Iraqi exports were compensated by everlasting rumors that OPEC will decide to have output cuts extended beyond March.

Crude kept soaring, climbing to an eight-month maximum amid bullish talk from OPEC as well as non-OPEC members on a plausible extension to the output-cut agreement.

Similar

Gold goes down to 2019 minimum

On Monday, gold headed south to its lowest value of the year due to the fact that investor appetite for risk was still firm notwithstanding data disclosing that China's 2018 economic surge speeded down to a near three-decade minimum…

Gold approaches $1,300 once again

Britain’s economic and political issues along with a no-confidence vote on Prime Minister Theresa May following her unsuccessful Brexit deal vote gave gold traders a hope of getting back to maximums of above $1,300 an ounce…

Gold surges a bit

On Tuesday, gold managed to gain a bit due to the fact that the first dive in factory gate inflation for four months backed the argument that the major US bank should suspend monetary policy tightening and traders looked ahead to a bunch of remarks from…

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera