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

The US Payrolls Bring New Hope for Gold
The US Payrolls Bring New Hope for Gold

The Us Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on June 3, 15:30 MT time (GMT+3).

Russian Oil Got Banned from Market
Russian Oil Got Banned from Market

This week started with the talk of the United States banning Russian oil exports, so XBR/USD saw $130 a barrel. Then the ban became reality. What does it really mean for the market?

Latest news

China Stocks are About to Jump
China Stocks are About to Jump

It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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